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

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

Archive