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

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

Archive