I meant they have a budget far ahead of the teams finishing ahead of them in his first/third year at Liverpool. Finishing behind Spurs who have a way smaller budget and in his first year finishing behind Everton and Spurs, the gap to Everton is even bigger.
They may have the 5th highest wage spend but for most of the past decade they've been on the tails of the top four rather than just ahead of 6th. Arsenal were spending 130mil on wages while Pool were spending 120mil and Spurs were spending 80mil. Before City were in the picture there was a reason they were considered part of the top 4, because they were in that high budget group, we consider it a top 4 and realistically Liverpool can't compete directly financially, but it's far closer to a top 5 now(revenue/ability to spend wise) than a top four and 'the rest'.