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

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

Archive