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

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

Archive