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

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

Archive