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

gold coast not-for-profit results gig economy teleworking tea social trends dessert community engagement coffee energy brand resilience in depth interviews national crime rates investing visualisation selfie population milestone sunny days poker master workforce middle class GPO sector wide study researcher teach apartment suburb tableau showreel households Financial Planning Association train trend Real Estate purpose population growth christmas 2017 Deaths Australian communities Elderslie-Harrington park personal growth Melbourne Willowdale Christmas research ethnography housing affordability wealth dreaming kate middleton blaxland workplace huffington post water New Zeland menai celebration living 24 million ease of travel dream identity cloudy days financial wolloomooloo offenders hills urban living equip Business analysis cultural diveristy infographics research data unaffordable demographic transformations google for education unemployment ABS trends of 2016 forecasting deloitte media housing business performance names research youth donate australia DESTEL happiness ACT area going out household consumer local community cold poor earnings 2016 conferences Sydney’s south west impact 2017 follow new office land of the middle class Duchess of Cambridge Tasmania public speaker states mobile education future report shopping centre ferry commute ACF2017 workshop wealth inequality Christmas presents public transport social commentator gender community event learn keynote royal influence emerging technologies Financial Planning Association of Australia christmas micro apartments women Macquarie University entrepreneurial work from home aussie culture earn not for profit research community nfp google pharmacy Gen X digital Do It Yourself home ownership supply and demand trends of 2017 communicate buildings choice workers Christmas lunch cancel plans darwin princess charlotte brisbane national wealth future of shopping 1994 focus groups VIC average Australian TEDx Speaker rich Maxim Accounting Births office space global generations spend housing growth shifts cost of living marriage coffee lovers internships vegetarian innovation media release growing population shopper's pick HSC James Ward publication young people baby study casual socialising 1975 screenage manly tattoos snapshot 1968 tips mccrindle in the media TEDx 1980 language contiki optus NEETs Adelaide Love survey village hunger small business high density living social lives JOMO wages insight change public speaking generation Royals high density apartments students cancelling event mccrinlde Vocational education school satisfaction christian wealth and income distribution EFF education research student housing trends eliane census results mythbusters Sydney keynote speaker goals Australian Bureau of Statistics 2016 census results the changing face of logan education sector year 7 resource financial independence leadership generations New Zealand Queensland shopping ashley fell prince george entertainment the hills shire Sydney population optimistic Jura Coffee australian communities forum Black Friday Sales average sydneysider jobs marrickville baby names employers Territory financial dreams qualitative research new york times February 16 Lower Hunter Region care support Northern beaches Event Australian Population SMSF engage Word Up click high density sector collaborative marriages the australian dream christmas trees leader 2012 collaboration tertiary education quote baby names australia report ACF 2016 world youth day fresh repayments mentor online 24,000,000 volunteer paying to work mother's day city australians staying home more visual generation alpha growth of sydney social media Australia street internship professional development friendship acf15 society trends cultural diversity house prices baby boom australian community trends report focus group Australia Day 2017 baby name Channel Seven facts story group session belief hornsby thought leadership nativity scene ashley mckenzie politics sydney metro rent parents professional speaker emerging generations wealth and income Sydney Skilling christianity faux-ciliser Christmas season CBD tv data visualisation Sydney Lifestyle Study perth sydneysiders changing face of sydney easy rider award family ipswich employment baby boomers Crime Rates urban taskforce suburbs Cobbitty-Leppington mythbusting economic demography in the media SA toys responsive English investment Population Clock global retail mccrindle McCrindle Speakers Research Executive faux-cilising Australia Day house Research Director census 2016 NBRS rising house prices ACF research pack sydney speaker ageing population speakers "know the times" environmental scanning US home owner baby names report IT Specialists townhouses VET balance Andrew Duffin The Daily Edition alpha staying in aged care puzzle children work mates baby name predictions mccrindle tea victoria Merry Christmas presentation ACF17 McCrindle Speaker donation young australians Financial Planning Week Australian schools Generation Y Generation X social shifts annual income investor plans innovative house price rise educhat trends analyst royal baby trades global financial crisis clothing winter Mount Annan-Currant Hill volunteers retirement social researcher cars TED royal family urban Christmas day weather panel Gen Y communities entrepreneur sydney hills weather storytelling future proof builders national private wealth social change social researchers program sector wide weekly earnings housing market the great screenage organisational culture norwest Wodonga post rationalism gen z australian communities trends report emerging trends happy holidays property development education meetings Australian Communities Trends TED talk public holiday Education Future Forum professional services trend tuesday medicine capital cities ageing social issues research visualisation wage REIV National Conference intern house price communications increasing densification Channel 7 rise of local financial future define Christmas Stats pyrmont infographic 2014 award winner woolworths learning hello fresh rule keeper event etiquette generational trends work-life Social Trend participants thrive mover and shaker eliane miles NT brands consumerism personalities World Water Day omnibus 2016 census real government January 26th parenting typical australian future global VET sector residents vegemite research report geomapping data career census fail greatness seasons sustainable optus my business awards wellbeing hobart affordable chairty younger generations friends careers australian social research food insecurity Northern Beaches Christian School SMART Jura Australia What is food insecurity? networking motivate Caregiver McCrindle Keynote Speakers demographic youth unemployment presentations Geoff Brailey social impact volunteering data wedding priorities millennials Australian Families winter blues demographics brand experience australian real estate renter of the future market research proactive CPI Australian Dream teachers Canberra Hornsby Shire Council non profit curiosity travel New South Wales analysis crows nest bureau entrepreneurs of today Wagga Wagga engagement economy relational the hills teaching Black Friday in Australia school population financial planning Australian Census authenticity ACT Report office opening cooking Wellington moreton bay Real Estate Institute of Victoria demographer generation Z 23 million suburban living challenge Sydney Hills Business Chamber PSI daily commute millenials research services report Kiwi 10 years customer conference educated experience WA cost 2020 bus Work place twentyseventeen census 40 million group Western Australia Engineering Manager research on coffee DIY insights work jobs of the future the lucky country slideshare outsourcing micro employmer #censusfail education future urban development debt Australian Home future of work ideas religion faux-cilise transport goal McCridle socialites renting staff shbc Charlotte Mark McCrindle in the media gen alpha affordability narcissism cartodb megatrends Bathburst sydneysider sports year 12 finance fears mortgage environment graphs The ABC of XYZ Aussies owning a home property holidays criminal sydney event technology TDE Hills Shire Council schools students father's day newspaper organisations charities gig SRE overcast income stay home average aussie NBRS Architecture skills Northern Territory Myth apartments office marketing news state teacher grandparents South Australia 2015 wealth distribution sydney property market car budget online shopping social research leadership workshop bondi sentiments social life relevant neutral bay australian trends men Netflix schools Lower Hunter dreams holiday low density sun anzac rental stress FPA Mark McCrindle recap school students professional presenters interactive Australians food long weekend communication couple monarchy lifestyle who is generation z divorce rate stats Valentine’s Day moderators guide case study conference speaker learning styles meals future-proof survey design speaker business Australian Trends university degree high school capital city growth Christchurch baby name trends sydneycity Gen Z Expert divorce commuters forecast aged care know the times breakfast speakers pack seasons greetings cancelling plans Performance Sentiment Index child care food bank culture rain Australian community trends daily telegraph salary infographic wall data analyst mccrindle research video NSW church forum social sunburnt country training media commentary urban living index dare to dream debate future proofing Black Friday futurist mining boom families speajer tuesday commuting the average aussie demographic trends TAS digital economy Christmas day FOMO media activity Aussie spirituality Christmas data Scouts System's Architect giving product Hunter Valley Tuesday Trend Queensland: QLD professional money easter local communities keynote speaker social analyst society healthy future conference presentation home earning internet events Northern Beaches world grave decision financial fears social enquiry hills shire culturally diverse property price travelling hopes statistics Christmas in Australia local life lalor park safe Res Vis Tuesday Trends waverton university Retail crime NFP event pharmacies learner social analysis Assistant Store Manager millionth cash not for profit domestic Australian demographics ultimo faith litter future of education screenagers live the dream 2013 royal employmee summer Kirsten Brewer census data charity cica sydney market REIV Conference volunteering population map business index list social commentary property market workplace culture mateship potts point

Archive