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


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