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

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

Archive