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


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