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

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

Archive