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 ashley@mccrindle.com.au

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


Tags

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

Archive