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


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