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    Australian Income and Wealth Distribution 2019

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    Amali Taggart
    The document summarizes data on income and wealth distribution in Australia. It shows that the top 20% of households earn 48% of total income and own 63% of private wealth. The average income of the top 20% is 12 times that of the bottom 20% and their average wealth is 92 times greater. By state, the ACT and NT have above average incomes and wealth while TAS is below average on both measures. Younger generations have lower average incomes and wealth than older generations.

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    Australian Income and Wealth Distribution 2019

    Uploaded by

    Amali Taggart
    17 views3 pages
    The document summarizes data on income and wealth distribution in Australia. It shows that the top 20% of households earn 48% of total income and own 63% of private wealth. The average income of the top 20% is 12 times that of the bottom 20% and their average wealth is 92 times greater. By state, the ACT and NT have above average incomes and wealth while TAS is below average on both measures. Younger generations have lower average incomes and wealth than older generations.

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    Australian-Income-and-Wealth-Distribution-2019

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    The document summarizes data on income and wealth distribution in Australia. It shows that the top 20% of households earn 48% of total income and own 63% of private wealth. The average income of the top 20% is 12 times that of the bottom 20% and their average wealth is 92 times greater. By state, the ACT and NT have above average incomes and wealth while TAS is below average on both measures. Younger generations have lower average incomes and wealth than older generations.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    17 views3 pages

    Australian Income and Wealth Distribution 2019

    Uploaded by

    Amali Taggart
    The document summarizes data on income and wealth distribution in Australia. It shows that the top 20% of households earn 48% of total income and own 63% of private wealth. The average income of the top 20% is 12 times that of the bottom 20% and their average wealth is 92 times greater. By state, the ACT and NT have above average incomes and wealth while TAS is below average on both measures. Younger generations have lower average incomes and wealth than older generations.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    AU ST R A L I A N I N C O M E & W E A LT H D I ST R I B U T I O N

    BY HOUSEHOLD QUINTILES

    Annual household income $86,642 Household net wealth $748,217 $36,500


    $ (Average annual full time adult earnings) (median Australian house price)

    The top 20% of households earn The highest 20% own

    INC 48%OME of all income


    WEA63%LTH of Australia’s private wealth
    Highest Quintile $280,956 $ $ $ $ $3,236,800
    The average The wealth of the
    Fourth Quintile $135,928 $ $ earnings of the $1,042,300 average household
    Average household top 20% are National average in the top 20% is

    12x 92x
    annual gross income household net wealth
    Third Quintile $88,764 $ $564,500
    $116,584 the average $1,022,200 the average wealth
    $ earnings of the of those in the
    Second Quintile $53,248 bottom 20% $231,100 bottom 20%

    Lowest Quintile $24,336 $ $35,200


    The lowest 20% earn just The lowest 20% own just

    1%
    4%
    of Australia’s national private wealth
    of all income
    Source: ABS, McCrindle
    c b McCrindle 2019
    AU ST R A L I A N I N C O M E & W E A LT H D I ST R I B U T I O N
    B Y S TAT E

    Annual household income Household net wealth % increase / decrease since 2012 State above average State below average

    10% 10%
    $139,880 $738,500

    NT NT

    0% 10%
    $103,064 $792,800
    Average household National average
    13% annual gross income 11% household net wealth
    QLD QLD
    $116,168
    $109,668 $850,000
    $929,400
    WA WA
    8% 37%
    $119,912 $1,170,500
    SA SA
    NSW 5% NSW 2%
    $91,884 $125,788 $678,900 $875,500
    5% 4%

    INCOME WEALTH
    ACT VIC ACT
    VIC

    $106,860 1% $893,700 2%

    5% $78,416 7% $554,500
    Source: ABS, McCrindle
    c b McCrindle 2019
    TAS TAS
    AU ST R A L I A N I N C O M E & W E A LT H D I ST R I B U T I O N
    B Y G E N E R AT I O N

    Average annual household income $ increase last 24 months Average household net wealth % national wealth % national population

    Generation Y Generation X Boomers (younger) Boomers (older) Builders


    Age: 25 - 34 Age: 35 - 44 Age: 45 - 54 Age: 55 - 64 Age: 65+
    Population: 3.4m Population: 3.1m Population: 3.1m Population: 2.8m Population: 3.7m

    INCOME INCOME INCOME INCOME INCOME


    $112,632 $138,424 $140,244 $114,660 $59,592
    $4,836 $21,996 $20,332 $16,848 $10,270

    WEALTH WEALTH WEALTH WEALTH WEALTH


    $345,900 $645,700 $1,161,900 $1,308,300 $1,213,400

    6% 14% 13% 13% 25% 13% 25% 12% 31% 16%


    Source: ABS, McCrindle
    c b McCrindle 2019

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