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There are currently 9 million households in Australia, and in looking at the the disposable income of Aussie families, as well as the net worth of each Australian household - we\'ve noticed quite the divide! Australia is known as being the land of the middle class- but there has been some significant shifts. The bottom 20% of households by wealth own 1% of Australia\'s private wealth, while the top 20% own 62% of the wealth. Here\'s the McCrindle Research summary of income and wealth by quintiles.

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Australian income & wealth distribution

Australian income & wealth distribution

The top 20% of

households earn

40%

of all income

The highest 20% own

62%

of Australia’s

private wealth

The wealth

of the avg

household

in the

top 20% is

70x

above

above

the avg

of those

in the

bottom 20%

Highest

quintile

The avg

earnings

of the

top 20% are

5x

the avg

earnings

earnings

of the

bottom 20%

National average

disposable

household income:

$44,096

Fourth

quintile

National average

household net worth:

$719,561

Third

quintile

Second

quintile

The lowest 20%

own

just

earn

just

7%

of total household income

1%

of Australia’s

national private wealth

The lowest 20%

Lowest

quintile

$500,000

$30,000

Key:

(in order of household wealth)

State Breakdown

Average weekly household income

Average household wealth

$1,101

$843,369

NSW

NT

$859

$798

ACT

$721,278

$585,197

$938

$966

$621,642

$822,149

$817

$818

$708

SA

$651,694

$779,266

$586,276

VIC

QLD

WA

%

TAS

Generational

Breakdown

(who owns Australia’s wealth?)

NATIONAL

WEALTH

% OF

POP

aged 35-44

aged 25-34

aged 45-54

aged 55-64

15%

25%

14%

$931,582

HH net worth

7%

23%

Generation X

Generation Y

28%

12%

$1,051,556

HH net worth

aged

65+14%

$872,052

HH net worth

14%

14%

Boomers

Boomers

Builders

$565,954

HH net worth

$261,819

HH net worth

ABS Household and Income

Distribution 6423.0,

McCrindle Research 2012

know the times


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