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

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

Archive