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

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

Archive