1
0
Current income reports in Austria show apparent differences between the rich and the poor. While over 1.5 million people are considered at risk of poverty, the group of top earners is defined as those with a gross annual income of 71,000 euros or more. A particular focus is placed on educational attainment and gender distribution.
According to the latest EU poverty report, around 336,000 people in Austria were living in “absolute poverty” last year. A total of 1,529,000 people (16.9 percent of the population) are considered at risk of poverty or exclusion, as reported by finanz.at. People with a low level of education are particularly affected: one in ten people with only a compulsory school education cannot afford basic daily living expenses.
Definition of poverty risk
Anyone with less than 60 percent of the median income is considered at risk of poverty. This threshold is currently €1,661 gross per month for single-person households and €2,492 for multi-person households. The amount increases by €498 per month for each child. Compared to the previous year, the poverty risk threshold rose by about 20 percent.
Top earners and salary levels
The median income for full-time employees is around €55,000 gross per year (€2,676 net per month). Anyone with a gross annual income of €71,000 (€5,071 per month) or more is considered a top earner. The “top earners”—the top one percent – are those with a gross monthly income of 11,775 euros or more.
Gender-specific differences
The significant salary difference between the sexes is noteworthy: while women earn an average of 50,750 euros gross per year, men’s income is 58,000 euros gross per year.
This post has already been read 786 times!
