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


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