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

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

Archive