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

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

Archive