LTime passes and things have changed… But not the best paid employees. The assessment taken by INSEE regarding very high salaries, in research published Tuesday, November 18, leaves little room for doubt. By 2023, it says, 1% of salaried positions in the private sector will be paid more than 10,219 euros net per month (7.5 times the minimum wage), or 122,628 euros per year. A very high salary (0.1% of the position) is paid at 27,066 euros per month, approximately twenty times the minimum wage.
The profile of the top 1% is clear: a man (76% of cases) over 50 years old (58%) works in Île-de-France (30% in Paris and 24% in Hauts-de-Seine), thus reflecting strong generational, regional and gender gaps. The majority of those with high salaries consist of executives with high responsibility or expertise or people who manage their companies.
READ ALSO Overqualified, many young people are frustrated with their jobsThese people are concentrated in a select number of companies: 17% of employees in financial services and ancillary activities in financial services and insurance make up the top 1% of full-time equivalent pay (EQTP) positions, while they account for only 4% of all employees in the private sector.
High salary in a stable position
At the top of the rankings are professional athletes, who represent 36% of the best-paid positions in EQTP. This trend can now be considered structural: 90% of those with the highest salaries in 2022 were already in the top 10% of their generation 15 years ago. Moreover, the very high salary is also a stable job.
In the top 1%, 77% of positions were occupied by the same employees, at the same companies, as the previous year. However, at the same time, net salary declines occur between 2022 and 2023 for more than half of positions (51%). Another observation: the incomes of the richest groups increased more than the incomes of other tax households.
“By 2022, their average annual income will reach 1 million euros, compared with 31,000 euros for other households,” the agency explained. The entry threshold for the very high income category is 463,000 euros. According to INSEE, these high-income households benefit from “increased financial and property income”.
Inheritance issues
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“Lastly, the strong growth in incomes of the richest groups and the progressiveness of the scale means that the share of income tax paid by households with very high income taxes has increased in twenty years, despite a decline in their average tax rate. » Finally, INSEE highlights the correlation between wealth and living standards: “1.6 million households, or 5.3% of households, account for the 10% of households with the highest living standards and the 10% of households most endowed with wealth. »
They have gross assets of 716,300 euros for a standard of living above 39,100 euros. Half of these households have references aged 50 to 69 years and 58% are executives or self-employed. 47% are couples without children. Inheritance is also a key issue: 62% of them say they have an inheritance, 43% have received donations.
