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

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

Archive