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

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

Archive