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


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