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

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

Archive