So … what are you doing with your $50,000?

On page 4 of Wednesday's (15th July, 2015) Australian Financial Review (AFR) there is about two thirds of a page talking about the HILDA Survey outcomes for the period y2001 to y2012.

A key finding of the HILDA Survey is that household disposable income has increased in non-adjusted terms from $63,448 to $82,445 (Australian dollars).

What this means is that the average amount of money per household that is free to be spent on whatever your little heart desires is $82,445. This money is not required to be put aside to pay the mortgage, food, rent, power, water, gas, heating, cooling, insurances, registration, house repairs, car repayments, or anything like that. It can be spent with gay abandon on all the fun things in life.

The HILDA chart published in the AFR also shows what is called the 'equivalised' amount—I think they made that word up because it is not in 21st Century Chambers. However it seems the 'equivalised' amount is each adult member's share of the household disposable income. As you can see from the chart, which I have included below (copyright alarm goes off … hopefully they won't sue), all us adult members of these households have almost $50,000 per year we can splurge on stuff.

What are you doing with your $50,000?