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

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

Archive