Australian Income and Wealth Distribution

Australian income & wealth distribution The top 20% of households earn The highest 20% own 40% 62% Highest quintile The wealth of the avg The avg earnings of the of Australia's household .... ....-.. "National average disposable household income: of all income private wealth Fourth National average household net worth: in the top 20% is quintile top 20% are $44,096 $719,561 70x Third quintile the avg earnings of the above the avg of those in the Second quintile The lowest 20% The lowest 20% bottom 20% Lowest 1% own bottom 20% 7% earn quintile just of total household income just of Australia's national private wealth Key: n $500,000 A $30,000 State Breakdown Average weekly household income houseold wealth $1,101 $843,369 (in order of household wealth) NSW NT $859 $721,278 $798 $585,197 ACT $966 $822,149 $817 $651,694 $938 $621,642 $708 $586,276 $818 $779,266 SA VIC QLD TAS WA Generational % OF NATIONAL Breakdown POP WEALTH aged 45-54 aged 35-44 aged 25-34 (who owns Australia's wealth?) aged 55-64 15% 14% 7% 25% 14% $931,582 23% 28%. aged 65+ 14% $872,052 14% 12% $1,051,556 $565,954 $261,819 HH net worth HH net worth HH net worth HH net worth HH net worth ABS Household and Income Distribution 6423.0, mccrindle know the times McCrindle Research 2012 research Builders Boomers Boomers Generation X Generation Y