In a NAB survey released today, the average Australian consumers said having a gross annual household income of around $102,000 would help them have a ‘reasonable’ standard of living.

This is around $16,000 higher than full time average total earnings of around $86,000 per year.

It may also help explain why cost of living pressures still weigh most heavily on consumers and why they don’t think they’ve made strides in improving their standard of living against other generations.

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