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

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

Archive