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


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