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

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

Archive