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.

A Snapshot of Education Across Australia

Monday, July 18, 2016

We have been looking at different aspects of life in Australia and we are turning our focus on how each state rates when it comes to education. Are we more educated than we used to be? In 1986 49% of students completed year 12 and these days its fast approaching 90%.

Let’s talk about tertiary education across the generations

We are becoming an even cleverer country as measured by university completion so if we look at the Baby Boomers, 1 in 5 have a university degree, for Generation X, that’s 1 in 4, for Generation Y its 1 in 3 but for today’s school students, about 1 in 2 of them will end up with a university degree in their lifetime.



How does university attendance compare across the states?

If we look at 18 – 24 year olds, who are full time students, we have the ACT and Victoria leading the charge there and the other states not too far behind, while the Northern Territory is a fair way behind.




When looking at school performance, which state is performing the best as they hit year 7?

The NAPLAN results allows us to compare across Australia. If you look at the percentage of students in year 7 who are above the national minimum standard, again good results across the board. ACT and Victoria again leading Australia as far as the proportion of students above the standards. The other states are close behind, again with the Northern Territory a bit off the pace.


Having an education usually means a lower risk of unemployment, how did the states rate?

Pretty good, Australia as a whole is going very well, with 5.7% unemployment, that’s well below a lot of comparable nations. It has gone down this year, not up and if you look at the states that are doing better than that with a lower unemployment rate, the Northern Territory and ACT are performing best however some other states particularly South Australia and Tasmania are a bit behind.


Watch Mark McCrindle's full interview on The Daily Edition here


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

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

Archive