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


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