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

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

Archive