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


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