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


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