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


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