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.

A Snapshot of Education Across Australia

Monday, July 18, 2016

We have been looking at different aspects of life in Australia and we are turning our focus on how each state rates when it comes to education. Are we more educated than we used to be? In 1986 49% of students completed year 12 and these days its fast approaching 90%.

Let’s talk about tertiary education across the generations

We are becoming an even cleverer country as measured by university completion so if we look at the Baby Boomers, 1 in 5 have a university degree, for Generation X, that’s 1 in 4, for Generation Y its 1 in 3 but for today’s school students, about 1 in 2 of them will end up with a university degree in their lifetime.

How does university attendance compare across the states?

If we look at 18 – 24 year olds, who are full time students, we have the ACT and Victoria leading the charge there and the other states not too far behind, while the Northern Territory is a fair way behind.

When looking at school performance, which state is performing the best as they hit year 7?

The NAPLAN results allows us to compare across Australia. If you look at the percentage of students in year 7 who are above the national minimum standard, again good results across the board. ACT and Victoria again leading Australia as far as the proportion of students above the standards. The other states are close behind, again with the Northern Territory a bit off the pace.

Having an education usually means a lower risk of unemployment, how did the states rate?

Pretty good, Australia as a whole is going very well, with 5.7% unemployment, that’s well below a lot of comparable nations. It has gone down this year, not up and if you look at the states that are doing better than that with a lower unemployment rate, the Northern Territory and ACT are performing best however some other states particularly South Australia and Tasmania are a bit behind.

Watch Mark McCrindle's full interview on The Daily Edition here

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


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