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

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

Archive