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

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

Archive