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


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