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


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