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


Tags

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

Archive