Australian Income And Wealth Distribution

Households in the lowest quintile however are worth just a fraction of the average 3 of the average wealth or 35 200.

Australian income and wealth distribution. With higher wealth and income levels than ever are we any better off. While the average australian household has a net wealth of 1 022 200 households in the highest quintile have an average net wealth more than three times this 3 236 800. There evidently exists an intimate relationship between who owns what and who gets what. By comparison the lowest 20 of households owned less than 1 of all household wealth.

Australia s income and wealth distribution the average household annual income is 116 584 and the national average household net wealth has tipped the million dollar mark for the first time at 1 022 200 according to the abs latest survey of income and housing 2017 18. The distribution of wealth is more unequal than the distribution of income. Graph 1 shows that the wealthiest 20 of australian households owned 63 of total household wealth in 2015 16. Overall these figures suggest that wealth is concentrated among a small proportion of the population with high incomes.

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. Dollars which was slightly less than the share of people who had under 10 000 u s. Just 6 3 percent of australian adults had wealth of over one million u s.