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


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