Data Visualisation Case Study

Monday, December 07, 2015

Gateway uncovers the state of Australians’ financial literacy, with only 39% of mortgage holders definitely understanding the concept of a ‘split’ home loan.

It was excellent to work with Gateway Credit Union, one of Australia’s leading Credit Unions committed to educating consumers on financial literacy. Our joint study has revealed some interesting figures around the financial literacy of Australians.

Despite the majority of mortgages spanning a 30 year period, the research highlights that your everyday mortgage holder does not truly understand a number of the features and loan facilities that are available to them.

“When buying a home, Australians get into the biggest debt of their life to make the biggest purchase of their life. This research shows more than a third of mortgage holders do not understand basic mortgage terms such as split home loans, redraw facilities and offset accounts. While every mortgage advertisement will display a comparison rate, only 1 in 3 mortgage holders know what this is. It is encouraging to see that the understanding of the new generation of home buyers, Generation Y, was greater than that of the older generation, highlighting an increase in financial literacy amongst the emerging generation.” Mark McCrindle.

The study revealed that the financial terms least understood by mortgage holders are a ‘split’ home loan and the difference between ‘interest rate’ and ‘comparison rate’. Only 39% of those surveyed confirmed that they definitely understood what a ‘split’ home loan was. Similarly, only 35% of mortgage holders definitely understand the difference between ‘interest rate’ and a ‘comparison rate’.

This infographic focuses on the most commonly misunderstood banking terms, and also provides consumers with easy to understand explanations of each of these features.

This research in the media

The Adviser

A Snapshot of Career Practitioners in Australia

Tuesday, March 24, 2015

Preparing young Australians for an ever-changing workforce is a growing challenge. Research released today by the Career Industry Council of Australia and McCrindle shows that over half of all career practitioners are working part time in their role. Of those, just 1 in 3 are able to devote the entirety of their time to career education and guidance.

Career practitioners increasingly under-resourced

What career professionals provide is key to getting young people into the workforce. When career practitioners are under resourced and time poor, this affects young Australians’ ability to enter the workforce.

Mark McCrindle, principal of McCrindle says, “Today’s school leavers are the most digitally supplied and globally connected generation in history but also have more post-school options to consider than any previous generation – they need help transitioning from education to participation. We know that school leavers today need life and career skills which can future-proof their employment in this changing, multi-career era and this is exactly what career practitioners provide.”

The top areas where career practitioners spend most or some of their time often involve things other than career counselling, such as subject selection:

Research shows 1 in 3 career practitioners are provided with less than $1000 annually to undertake career development activities across their entire school. 1 in 2 schools with a population of over 1000 students have less than $3 per student to spend on career education.

One in five unemployed Australians today is a teenager

These figures are especially of concern as 1 in 5 unemployed Australians today is a teenager.

290,000 young Australians aged 15 to 24 were categorised as unemployed in January 2015. The hardest hit were the 15 to 19 year olds, with the unemployment rate for this group hitting 20 per cent – a level not seen since the mid-1990s. Nearly 160,000 Australians aged 15 to 19 were unemployed in January, out of an overall pool of more than 780,000 unemployed.

“If we expect 15-19 year olds to be independent and resilient contributors to our society, it is important to provide them with quality career education programs whilst in school and give them access to high quality career advice, assisting them to make informed decisions about future study and work. This advice should come from qualified career advisers who meet the industry’s professional standards and have been registered by CICA,” says David Carney, CICA Executive Director.

Download the Infographic

Download the infographic which features the findings of a national survey conducted by CICA of 937 career practitioners working in schools across Australia.

For more information

For more information or media commentary, please contact Ashley McKenzie at McCrindle on 02 8824 3422 or

Gen Y Debt Predicament [IN THE MEDIA]

Wednesday, January 07, 2015
More than 1 in 3 (34%) registered debt agreements belong to 25-34 year olds, making Gen Y the  most likely generation to be in debt, compared to Gen X and their Baby Boomer parents.

Much of the blame is placed on easily accessible personal loans, credit card debt and a generation focused on lifestyle pursuits.

However there is more to it than this and it misunderstands the current realities to put all the blame on Generation Y. The fact is that the traditional expense categories such as food, transport, health and housing costs are higher for younger people today compared to that experienced by their parents at the same age. A generation ago the average house price was 5 times annual average earnings while today the average house price is more than 10 times the average annual full time earnings of $72, 000.

Additionally, Generation Y have new categories of expenses that their parents didn’t have such as education debt, mobile phone costs, internet expenses, tablet devices and online subscriptions. Not only are the costs of living higher, but the earnings have not kept pace. For example, when Baby Boomers graduated from university the average graduate starting salary was equal to the average full time adult wage, while today the average graduate starting salary of $52,000 is $20,000 less than average full time earnings.

But the good news is that their parents’ generation, the Baby Boomers, are the highest net worth generation in Australia’s history and over the next two decades almost 3 trillion dollars of private wealth will be transferred (if it’s not spent!) to the emerging generations.

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


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