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

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

Archive