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

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

Archive