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

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

Archive