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

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

Archive