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

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

Archive