Contiki Youth Evolution research

Thursday, March 30, 2017

We were delighted to partner with Contiki to conduct new research into the aspirations, behaviours and fears of young Australians (18-36 years of age). The Contiki 2017 Youth Evolution Report explores some of the key trends influencing their attitude and lifestyle.

Feeling left behind

There is a strong sentiment among young people, specifically those aged 18-21, that they are being left behind economically. Especially in an era of flat wages growth and huge increases in home and living costs. Two decades ago, the average Sydney house price was around six times the average annual full time income. Today this has skyrocketed to 14 times the average annual full time income.

Ten years ago, over a third (34%) of 18-34 year olds indicated they were saving for a home, while this has dropped to below a quarter (24%) today. A significant two in five (40%) 18-21 year olds fear they will never be able to own a home. “We think of younger generations as having a youthful idealism and optimism, but this research shows young adults are not feeling as positive”, says Mark McCrindle.

Financial fears

Over half (51%) of 18-21 year olds fear not being able to live out their dreams due to financial and time constraints and 42% already regret not saving enough.

“The students of today are going to be the most formally educated generation to date; it is predicted that one in two will obtain a university degree. However, so too will they have higher amounts of debt when they enter the workforce; in fact, they might be the first generation since the Great Depression who will end up economically worse than their parents,”. - Mark McCrindle

Travel is a priority

Despite financial constraints and complexities regarding an independent lifestyle, 76% of 18-21 year olds want to travel more. 

Although more than two thirds (69%) of this age group has the desire for financial freedom, just beyond this is their desire to travel and see the world (64%). 

Around a third are also willing to go into debt for travel (36% of 18-21, and 39% of 22-36 year olds).

Delaying traditional life markers

With a focus on lifestyle rather than just wealth accrual, the emerging generations are spending more time living at home. They are also delaying traditional benchmarks of adulthood such as buying their first home, marrying, or starting a family.

A third of Australians (32%) aged between 18-36 years old continue to live in the parental home. This is a mix of both those who have never moved out as well as those who have moved back in with their parents. This is often due to high costs of living; labelling them as the “boomerang generation”.

Even though they are happy to live with mum and dad, this generation is very aspirational, with two in five 18-21 year olds (41%) stating they would not be happy if they ended up in a similar financial situation and lifestyle as their parents (cf. 33% of 22-36 y/o).

More socially aware

Despite their daily struggles, young Aussies care about the world they live in and are more socially aware than previous generations. The research found that climate change (18-21: 26%), gender equality (15%) and racism (12%) are issues that are high on young millennials’ agenda. The report also revealed that almost one in five (18%) 18-21 year olds already regret not making more of a difference in the world (cf. 22-36: 12%; 37+: 10%).

Welcome to our blog...

We have a passion for research that tells a story, that can be presented visually, that brings about change and improves organisations. And we hope these resources help you know the times.

Our Social Media Sites

Facebook | McCrindle Research Social Media YouTube | McCrindle Research Social Media Twitter | McCrindle Research Social Media Flickr | McCrindle Research Social Media Pinterest | McCrindle Research Social Media Google Plus | McCrindle Research Social Media LinkedIn | McCrindle Research Social Media Mark McCrindle Slideshare


Last 150 Articles


Tags

generation alpha royal baby organisational culture visualisation dreaming village affordable forecast urban development Wodonga PSI christmas university degree generational trends woolworths Australians alpha cultural diversity employmer Word Up NSW house price rise names 2012 Christmas presents 2015 define forum owning a home trends of 2017 trends of 2016 aged care award winner seasons training buildings priorities EFF nfp screenagers US media commentary SMSF English the hills social enquiry divorce 2016 average aussie spend friendship Christmas in Australia balance organisations mentor transport couple Research Executive Kirsten Brewer sustainable travelling clothing australian real estate Bathburst online hopes tableau Sydney award culturally diverse Willowdale the lucky country culture future-proof manly winter blues education future report Channel 7 Australia Day rental stress national wealth cash millionth socialites video pharmacies ageing population wealth and income distribution mythbusters group session sunburnt country community SRE hello fresh social researchers employment work from home insight commute menai sydney event bureau economic home owner ACF2017 twentyseventeen sydney speaker society census fail educated statistics maiden names global retail greatness curiosity snapshot dream workforce social issues Christchurch anzac Deaths youth Australian Communities Trends Real Estate Institute of Victoria facts FOMO suburbs paying to work Lower Hunter mover and shaker brisbane Sydney Hills Business Chamber TEDx Speaker Western Australia neutral bay thought leadership global gender population map baby names global financial crisis internet australians staying home more millenials TAS Christmas research Cobbitty-Leppington demographic trends cooking impact state Elderslie-Harrington park shopping social researcher research visualisation 1994 motivate do people still change their surname after marriage? relevant brand experience 2016 census the average aussie sydneycity market research SA living Gen Z Expert optus my business awards poker master year 12 stay home faux-ciliser McCrindle Keynote Speakers religion wages screenage parenting Australia street church analysis Australia Day 2017 schools students office space researcher the great screenage the australian dream growth of sydney generation Z recap Adelaide offenders entrepreneurial professional chairty omnibus australian community trends report Do It Yourself identity infographics Valentine’s Day high density apartments students donate IT Specialists office opening technology spirituality research pack New South Wales local housing relational research focus groups Caregiver salary baby boomers resilience middle class Sydney Lifestyle Study geomapping weekly earnings ipswich bondi capital city Duchess of Cambridge public speaking global generations Royals professional presenters proactive HR online shopping work mates ashley fell emerging technologies meals mobile qualitative research not for profit Australian Trends HSC volunteer Generation X changing face of sydney huffington post Territory life list sports engagement volunteering newspaper real collaborative local communities entrepreneurs of today follow Sydney keynote speaker entrepreneur Australian Home dreams communication trades customer careers Aussie selfie deloitte learner internships outsourcing McCrindle Speakers princess charlotte belief cultural diveristy social life learning gen alpha VET townhouses land of the middle class click house price Gen X education sector lalor park trends analyst Maxim Accounting challenge Black Friday communities Northern Beaches leader publication Christmas Stats debt learn choice workers baby name trends workshop demographic transformations divorce rate "know the times" DIY megatrends high density living royal influence 2017 wage baby boom population milestone research on coffee census 2016 social impact Social Trend SMART teach goal increasing densification housing trends resource quote South Australia hills urban taskforce rule keeper 2013 high density healthy future trends prince george financial future rain forecasting purpose FPA daily telegraph suburb System's Architect bus sydney market Macquarie University 2014 Australian schools Births community engagement christian future proofing royal mortgage case study pharmacy brand going out Black Friday in Australia Australian communities marriages jobs of the future ACT cancelling plans mother's day NBRS Architecture know the times rich NT employmee micro coffee education future mining boom workplace culture TED January 26th criminal professional development financial independence Mark McCrindle in the media Jura Coffee cars winter 1968 australian house wealth and income faux-cilising cold shifts australian communities trends report earnings volunteers earn Christmas data house prices investing sector wide mateship fears TDE politics high school christmas 2017 Hunter Valley Vocational education teacher norwest renter of the future McCridle panel father's day trend tuesday society trends shbc wealth distribution TEDx sydney property market results urban children small business investor surnames McCrindle Speaker hunger weather Geoff Brailey Queensland: QLD innovative research services national private wealth food insecurity The Daily Edition vegemite educhat average sydneysider Population Clock Research Director happy holidays wellbeing marketing infographic Love property market wedding future of education speakers breakfast pyrmont ageing food bank cost commuters wealth inequality graphs christmas trees Skilling conference speaker Sydney population Hornsby Shire Council narcissism Crime Rates potts point unemployment VET sector Australian Bureau of Statistics public holiday Canberra affordability generation education research Christmas day weather Mark McCrindle states teleworking builders non profit economy gig economy meetings 1975 faux-cilise school satisfaction New Zealand child care darwin annual income slideshare office Business analysis brands communicate education hobart 2020 thrive tuesday ideas financial fears ashley mckenzie grave decision logan report aussie culture emerging generations Australian community trends presentation sector friends sentiments baby change growth The ABC of XYZ australia who is generation z product Hills Shire Council mythbusting car holidays keynote easy rider Scouts census residents Res Vis average Australian grandparents sector wide study world Lower Hunter Region sydney hills baby name predictions NBRS Financial Planning Association 23 million learning styles story poor Performance Sentiment Index TED talk Myth social change showreel urban living marriage etiquette mccrindle research research report rise of local debate CPI engage ACF17 new office travel households city data visualisation NFP event World Water Day ABS Australian Families coffee lovers focus group dessert baby names australia report sydneysiders infographic wall language typical australian conference presentation Financial Planning Association of Australia social research Northern Territory survey design cancel plans Queensland teaching eliane miles REIV National Conference care support NEETs communications internship holiday speaker social shifts tertiary education mccrinlde visual commuting gig medicine Engineering Manager rent media activity cica unaffordable charities Kiwi apartments community event post rationalism low density not for profit research mccrindle tea WA financial planning school Black Friday Sales Charlotte conference income in the media Northern Beaches Christian School hornsby ease of travel government workplace year 7 apartment royal family Mount Annan-Currant Hill GPO teachers Australian Population entertainment tv capital cities tips live the dream shopper's pick in depth interviews plans overcast 40 million the hills shire financial acf15 moreton bay happiness ethnography 24,000,000 gen z vegetarian eliane Education Future Forum February 16 younger generations christianity 10 years research data parents public transport Sydney’s south west Australian Census 2016 census results victoria demography shopping centre maiden moderators guide blaxland earning area media generations Tuesday Trends responsive kate middleton future of shopping Generation Y contiki new york times Retail staying in housing affordability emerging trends sydney metro work-life university census data Christmas season cost of living career personalities family hills shire growing population young australians retirement Tasmania seasons greetings sunny days marrickville housing growth ferry keynote speaker professional services DESTEL study financial dreams cartodb conferences property development rising house prices volunteering data daily commute Jura Australia fresh VIC participants professional speaker home surname trend ACF 2016 intern innovation suburban living insights crime perth tattoos Australian Dream crows nest futurist ultimo women baby name digital student lifestyle long weekend train Christmas lunch wolloomooloo staff men leadersip REIV Conference speajer supply and demand local community Work place Australian demographics optus summer celebration not-for-profit energy group personal growth demographic future proof social analyst employers leadership New Zeland repayments property wealth consumerism JOMO population digital economy mccrindle event the changing face of school students data Aussies aged care puzzle toys gold coast optimistic Melbourne social lives Northern beaches Event world youth day goals survey Merry Christmas waverton Netflix consumer CBD home ownership housing market storytelling #censusfail stats population growth young people environment collaboration tea food Channel Seven sun sydneysider equip future data analyst faith work money youth unemployment cancelling event families Assistant Store Manager social trends jobs millennials What is food insecurity? household leadership workshop speakers pack ACF donation baby names report census results social media nativity scene skills program google for education ACT Report finance mccrindle in the media James Ward demographics australian social research networking property price media release experience safe social commentator domestic socialising future of work 24 million social commentary authenticity Gen Y urban living index business index social analysis google business Wagga Wagga renting easter australian communities forum demographer casual Wellington social business performance litter water environmental scanning national crime rates 1980 schools public speaker Financial Planning Week cloudy days micro apartments Christmas day news dare to dream Tuesday Trend investment presentations interactive charity giving Andrew Duffin events Real Estate budget monarchy

Archive