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


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