Wealth and Income Distribution State V State

Monday, July 25, 2016


Australia has long been considered the land of the middle class, but in recent years the gap has been widening between the rich and the poor. When it comes to the battle of the states, which corner of Australia scores the highest and the lowest on the income and wealth report? Will the Baby Boomer generation continue their stronghold on our national wealth?

Is Australia still the land of the middle class?

It is hanging in there, but it’s under pressure. We have seen some hollowing out in the middle of the earnings and a bit of spread to either end. The average annual household earnings are around $107,000 however the lowest fifth of households earn 20% of this while the top fifth average almost three times this. That means that the top fifth of households are taking home about 12 times what the bottom fifth of households are earning.

Most Aussies have their wealth tied up in their homes, how does ownership compare with the top, middle and lower classes?

The average wealth (if you liquidate everything and pay off all your debts, what are you left with) is about $800,000. The bottom 1 in 5 have a net worth of just $35,000, the top 20% of all household have a net worth of about $2,500,000. That means that the top fifth of households have about 62% of Australia’s wealth, and the bottom fifth take less than 1% of Australia’s national private wealth. So that's a big difference in wealth across these households.

Which states are best and worst performers when we are looking just at income?

The mining boom in WA has really done a great thing over there and so they are leading the earnings chart, with the ACT not too far behind with public servant wages doing pretty well. At the bottom of the tree you have Tasmania, earning about $50,000 less per annum, per household, than what we have in the west.

Welcome to our blog...

We have a passion for research that tells a story, that can be presented visually, that brings about change and improves organisations. And we hope these resources help you know the times.

Our Social Media Sites

Facebook | McCrindle Research Social Media YouTube | McCrindle Research Social Media Twitter | McCrindle Research Social Media Flickr | McCrindle Research Social Media Pinterest | McCrindle Research Social Media Google Plus | McCrindle Research Social Media LinkedIn | McCrindle Research Social Media Mark McCrindle Slideshare


Last 150 Articles


Tags

daily commute futurist national private wealth gender affordable vegemite Canberra child care seasons narcissism royal influence mover and shaker mobile Word Up non profit Channel 7 couple keynote speaker wedding parents language educated innovative digital dessert family national wealth year 12 financial dreams christmas analysis dream skills Births plans sentiments Christchurch baby boom kate middleton optus FPA professional development household 24,000,000 emerging generations baby insights house budget survey design parenting Crime Rates debate royal 1975 Australian Census crows nest area mythbusters HSC workplace perth world leadership jobs of the future daily telegraph lifestyle Hornsby Shire Council Australian Dream global financial crisis participants visualisation Education Future Forum ashley mckenzie fears Christmas lunch Real Estate data visualisation brand ultimo Wellington middle class young australians community engagement ease of travel internship wealth and income generation alpha social impact megatrends workplace culture acf15 visual urban living index Merry Christmas socialites financial independence dare to dream finance christianity wealth marriage Queensland: QLD australia Deaths google authenticity know the times news neutral bay ethnography Adelaide safe celebration buildings McCrindle Speakers low density REIV Conference forecasting future proof cost workforce cooking results economic student wealth and income distribution owning a home motivate offenders 1968 report princess charlotte divorce rate education research unemployment religion 23 million long weekend PSI Gen Y internet social media social qualitative research Social Trend Australia Day 2017 living poor Royals Australian demographics interactive property market increasing densification wealth distribution teleworking conference speaker learner generation social analysis house price mccrindle in the media ageing population future-proof university research visualisation winter blues Australian Families 10 years relevant repayments google for education tips TDE suburb summer learning styles rich nfp in depth interviews media commentary hello fresh huffington post urban living wellbeing public speaking mortgage earnings media activity royal family millennials FOMO video focus group baby boomers learning researcher society trends presentation selfie February 16 JOMO 2013 Wagga Wagga ACF 2016 holiday school students Geoff Brailey students high school leader 1980 government demographic going out future proofing product Northern Territory snapshot demographer world youth day entertainment children environment Gen X ACF case study define hopes System's Architect research services learn residents tertiary education ABS hills shire social researchers coffee event faux-cilising entrepreneurial tattoos conference presentation baby name trends baby name communication GPO social life English goals school satisfaction education sector innovation royal baby bondi Real Estate Institute of Victoria victoria Queensland cancelling plans transport keynote REIV National Conference weather Northern beaches Event australian communities forum communicate Assistant Store Manager faux-ciliser entrepreneur unaffordable community Duchess of Cambridge thrive marrickville economy sector wide conference trends of 2016 research data educhat education future report local publication shopping data analyst teach etiquette cancelling event Valentine’s Day Australian communities population growth Charlotte the changing face of cold apartment work-life trends analyst sector potts point generation Z tableau criminal school engagement DESTEL salary staying in research pack brands australians staying home more village woolworths Do It Yourself South Australia tuesday 2015 engage environmental scanning new york times ipswich consumer house prices quote not-for-profit alpha Engineering Manager debt shifts outsourcing Northern Beaches Christian School business index shbc New Zeland The ABC of XYZ personal growth statistics global faux-cilise demographic trends Australian Communities Trends culture Netflix jobs online social lives career New Zealand sunburnt country mother's day women survey social change Generation X gold coast speakers baby name predictions food sydneysiders newspaper home owner Sydney real 2014 sector wide study Kiwi 1994 happiness sustainable priorities australian communities trends report Financial Planning Association of Australia community event 2020 high density rise of local suburban living Caregiver organisations aussie culture weekly earnings youth unemployment data research financial future focus groups capital city emerging trends list financial easter national crime rates NEETs young people gen alpha identity global generations crime training experience lalor park monarchy WA challenge stay home income moderators guide renting socialising workshop personalities marketing population overcast land of the middle class growth ACT households "know the times" relational manly follow church collaborative university degree sydney event Myth VIC gen z housing trends rain life sydneycity EFF wages optimistic vegetarian poker master slideshare Research Executive thought leadership population map mccrindle research business resilience Australian schools schools students eliane study ashley fell work Aussies teachers small business TAS generations retirement online shopping social commentary city water Sydney keynote speaker Mark McCrindle meals optus my business awards entrepreneurs of today NSW technology average aussie SA trend tuesday state dreaming networking mateship property price responsive high density living Australian Trends not for profit Scouts home ownership communities Financial Planning Week resource New South Wales education communications typical australian energy year 7 Christmas presents domestic group 24 million anzac future equip social commentator rent marriages balance population milestone social enquiry brand experience 2012 australian social research deloitte teacher schools darwin internships education future logan winter CBD Christmas season cartodb group session sun easy rider Financial Planning Association rental stress growing population employment urban taskforce renter of the future consumerism friendship millenials families employers forum staff Wodonga DIY Australia Day baby names presentations geomapping spend stats menai sports January 26th trends Tuesday Trends society social research mining boom 2017 brisbane customer 40 million Australian Home collaboration wolloomooloo trend Tasmania Love infographic demographic transformations Channel Seven paying to work social shifts urban click World Water Day housing affordability investor teaching sydney speaker work mates future of work omnibus shopper's pick Western Australia men townhouses generational trends youth pyrmont professional speaker names social researcher program builders cost of living market research mythbusting charity father's day events twentyseventeen friends panel divorce Tuesday Trend cancel plans media release NT media post rationalism careers Australian Bureau of Statistics affordability home Territory cloudy days proactive trends of 2017 hobart toys hornsby housing market mentor ideas The Daily Edition Australians moreton bay Generation Y tea Northern Beaches states politics sunny days Population Clock greatness mccrindle 2016 property rising house prices suburbs volunteers blaxland emerging technologies future of education grandparents award investment high density apartments clothing graphs recap millionth prince george Kirsten Brewer in the media leadership workshop curiosity Bathburst fresh public holiday IT Specialists local communities demographics Res Vis mccrindle tea cash Melbourne tv organisational culture social trends housing annual income facts change goal professional housing growth intern earn rule keeper cars Aussie commute cultural diversity eliane miles insight litter capital cities holidays waverton census

Archive