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

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

Archive