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


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