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

family in the media System's Architect public transport James Ward data prince george brisbane speakers 1980 omnibus VET sector Kiwi going out earnings data analyst Population Clock hobart volunteers city public speaker tv Queensland consumerism mccrindle Lower Hunter Myth communication education future workshop rental stress NBRS Australian communities bureau relational New Zeland politics generation Z sunny days Mark McCrindle in the media engage hello fresh Word Up cica ACF17 23 million research report mccrindle in the media property market crows nest Melbourne Sydney’s south west Australians communications meetings spirituality owning a home brands mccrindle research award year 12 seasons housing growth ultimo urban living households divorce rate moderators guide aged care puzzle social analysis cultural diveristy Caregiver Wagga Wagga donation Canberra population milestone stay home the lucky country families student 40 million google speaker visual 2016 domestic population gender collaboration income employmee care support SRE generation casual Aussie debt Sydney population salary marriages ease of travel keynote speaker house prices future-proof winter Crime Rates follow residents online careers New South Wales qualitative research land of the middle class fears potts point daily telegraph language social trends community event gig donate ACT Report Australian Bureau of Statistics eliane miles Business analysis office space employment national private wealth Christchurch click research pack Real Estate Institute of Victoria statistics generation alpha sydney metro baby names relevant australian real estate victoria australians staying home more menai baby boomers father's day housing market futurist Wellington outsourcing home ownership newspaper townhouses princess charlotte future of education Do It Yourself greatness royal family younger generations culturally diverse sustainable challenge office opening staff publication office sports annual income mateship survey design brand experience showreel parenting internet lifestyle optus Australian Census winter blues cars REIV Conference goals organisations gen z work year 7 forum McCridle social change communities monarchy rain real Northern beaches Event ipswich geomapping global February 16 cancel plans poker master forecast mentor emerging trends screenage ACF business index training hills bus rule keeper learn young people average Australian financial dreams students market research NBRS Architecture holiday story GPO stats CBD proactive the changing face of manly consumer 10 years recap Work place New Zealand responsive Elderslie-Harrington park fresh charities population map Cobbitty-Leppington ageing ferry January 26th "know the times" cash world youth day names faux-cilising social research Hills Shire Council gold coast Sydney keynote speaker social lives marriage pyrmont alpha train food insecurity PSI easy rider baby marketing australian communities forum water breakfast car Tasmania economic urban taskforce local community vegemite experience social enquiry Christmas presents social impact Generation Y Tuesday Trends visualisation states financial independence 24 million ideas award winner internships wealth demographic Financial Planning Week high school financial planning report Research Executive social analyst Australian Communities Trends infographic global financial crisis social shifts sydneycity household school students focus group trends analyst christian Australia street mining boom NFP event neutral bay wealth inequality teleworking Births norwest The Daily Edition 1994 housing affordability social commentator #censusfail millenials anzac staying in energy Channel 7 suburban living schools students internship micro apartments future proof change authenticity social commentary in depth interviews not for profit research define Wodonga mother's day hunger entrepreneur news society trends rent mover and shaker 2012 2014 ashley mckenzie cooking education research children housing trends of 2017 community storytelling trend Netflix Andrew Duffin wedding innovative crime researcher quote overcast brand christianity dreaming Hunter Valley career research research visualisation finance safe participants easter not for profit financial world school satisfaction Maxim Accounting Res Vis survey litter the great screenage university media release online shopping social researchers Aussies motivate typical australian millionth wolloomooloo kate middleton demographic transformations Territory perth Northern Territory holidays house teachers pharmacy program 1968 group session conferences sydney speaker travelling IT Specialists new office education future report urban living index dessert suburb faux-cilise increasing densification australia young australians Research Director The ABC of XYZ tableau Jura Coffee meals pharmacies Assistant Store Manager national wealth 2016 census capital cities Northern Beaches identity Australian community trends demographics youth emerging generations society high density business acf15 research services population growth presentation royal influence local communities trend tuesday education Mark McCrindle home Tuesday Trend twentyseventeen friendship balance dare to dream paying to work marrickville new york times high density apartments wealth distribution narcissism future of shopping rich South Australia rise of local economy Deaths Sydney Hills Business Chamber WA religion speajer average sydneysider Australian Population hopes property price Mount Annan-Currant Hill cartodb government baby name trends long weekend baby boom toys demographer ABS media commentary data visualisation budget faux-ciliser etiquette social issues australian youth unemployment environmental scanning Financial Planning Association christmas house price rise event sector wide English Adelaide apartment transport royal baby the hills the australian dream cold giving australian communities trends report skills capital city social media financial fears bondi charity census data speakers pack summer cost presentations Australian Dream tuesday millennials personal growth Real Estate community engagement ageing population wellbeing customer Generation X not-for-profit commuters nfp area 2015 mobile affordability Scouts Lower Hunter Region Merry Christmas HSC know the times tips 24,000,000 Gen X collaborative apartments huffington post house price Charlotte dream sector wide study mccrinlde professional the average aussie work-life housing trends census parents cancelling event repayments professional services australian social research women ethnography SA sydney hills ashley fell belief coffee lovers conference Social Trend Education Future Forum couple sector study learning infographic wall Queensland: QLD leadership affordable optus my business awards schools mortgage ACT entrepreneurs of today thrive unaffordable sydney event demographic trends DESTEL tertiary education baby names australia report hornsby poor ACF 2016 facts Financial Planning Association of Australia aged care conference presentation focus groups Love Royals Skilling sydneysiders CPI middle class lalor park shbc plans earn commuting small business graphs Bathburst sunburnt country cultural diversity commute volunteer Northern Beaches Christian School resource communicate school food bank trades shopping centre living growth social life village financial future video Australian Families urban cost of living Hornsby Shire Council home owner investment product infographics NT grave decision emerging technologies medicine tattoos baby names report panel workplace culture celebration investing mccrindle tea World Water Day TED choice workers wealth and income distribution Australia Day investor Valentine’s Day child care church builders EFF low density teaching deloitte future proofing state sentiments socialising global generations spend men healthy future generations mythbusters case study 1975 Gen Y networking clothing earning research data daily commute wage criminal woolworths organisational culture offenders resilience public holiday generational trends education sector dreams engagement technology friends Performance Sentiment Index 2017 insight forecasting live the dream work mates culture cloudy days happiness supply and demand snapshot TED talk employmer coffee keynote JOMO shopper's pick research on coffee FOMO food post rationalism shopping money What is food insecurity? workplace Vocational education unemployment intern media activity census results TEDx McCrindle Speakers average aussie suburbs TAS 2016 census results google for education non profit sydneysider results screenagers NSW baby name group educhat learner NEETs Australian Home census fail divorce leadership workshop volunteering data analysis Engineering Manager socialites baby name predictions Australian schools grandparents cancelling plans moreton bay weekly earnings rising house prices wages Geoff Brailey professional speaker wealth and income growth of sydney list TDE media digital royal darwin REIV National Conference Duchess of Cambridge VIC SMART mythbusting DIY Jura Australia shifts vegetarian university degree local business performance social Australian Trends purpose entertainment gig economy sun megatrends professional presenters educated Macquarie University public speaking growing population FPA national crime rates VET buildings selfie social researcher volunteering Sydney gen alpha waverton entrepreneurial conference speaker 2013 contiki Christmas season teacher Channel Seven curiosity learning styles aussie culture eliane chairty faith SMSF who is generation z optimistic property interactive census 2016 insights retirement renter of the future equip ACF2017 life high density living professional development Christmas lunch travel trends of 2016 events Australian demographics personalities changing face of sydney innovation hills shire workforce thought leadership australian community trends report the hills shire priorities tea debate demography jobs of the future future of work future leader Willowdale Western Australia Australia Day 2017 2020 goal slideshare work from home Kirsten Brewer renting micro weather impact blaxland logan jobs teach environment trends employers

Archive