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

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

Archive