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.

1. 7%
14%
$261,819
HHnetworth
aged25-34
GenerationY
15%
14%
$565,954
HHnetworth
aged35-44GenerationX
25%
14%
$931,582
HHnetworth
Boomers
aged45-54
28%12%
$1,051,556
HHnetworth
Boomers
aged55-64
Builders
aged
65+
14%
$872,052
HHnetworth
23%
%OF
POP
%
NATIONAL
WEALTH
Generational
Breakdown(whoownsAustralia’swealth?)
TAS
$586,276
$708 SA
$585,197
$798
NT
$621,642
$938
QLD
$651,694
$817
NSW
$721,278
$859
VIC
$779,266
$818
WA
$822,149
$966
ACT
$843,369
$1,101 Averagehouseholdwealth
(inorderofhouseholdwealth)
Averageweeklyhouseholdincome
StateBreakdown
Key: $30,000$500,000
Lowest
quintile
Second
quintile
Third
quintile
Fourth
quintile
Highest
quintile
Nationalaverage
householdnetworth:
$719,561
Thewealth
oftheavg
household
inthe
top20%is
70xaboveabove
theavg
ofthose
inthe
bottom 20%
1%
Thelowest20%
own
just
ofAustralia’s
nationalprivatewealth
Thehighest20%own
62%ofAustralia’s
privatewealthNationalaverage
disposable
householdincome:
$44,096
earn
just
Thelowest20%
7%oftotalhouseholdincome
Thetop20%of
householdsearn
40%ofallincome
Theavg
earnings
ofthe
top20%are
5xtheavg
earningsearnings
ofthe
bottom 20%
ABSHouseholdandIncome
Distribution6423.0,
McCrindleResearch2012
knowthetimes
Australian income&wealthdistributionAustralian income&wealthdistribution