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


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