Dare to Dream Research [Case Study]

Monday, August 22, 2016

McCrindle has been delighted to partner with the Financial Planning Association of Australia (FPA) in conducting new research into Australia’s financial hopes and fears for the future. The research, released in time for Financial Planning Week 2016, shows that one in two of us dream more about our future now than we did five years ago.

Daring to dream again

Australians are a resilient and indefatigable, even when faced with difficult economic times. A buoyant 82% of us are full of self-belief in our ability to achieve our goals, which include full financial independence (59%) and more free time to spend with those we love (43%).

We are also hard-working, creative, innovative, and entrepreneurial. Nearly half of us (45%) daydream about the future every few weeks or more, thinking ahead and planning towards our financial dreams.

Yet many Australians have made few concrete steps to turn financial dreams into reality. 63% of Australians report having made “no plans” or “very loose plans” for how to practically achieve the future they dream about so optimistically, and one in four (25%) never seek advice from others when making financial decisions.

The research also shows most of us have financial regrets – namely that we have not saved (47%) and not invested (27%) as much as we thought we should have. Only 35% of women aged 20-51 are happy with what they’ve achieved in life so far.

Life goals linked strongly to financial goals

Australians are most likely to indicate their biggest life goal is a financial goal (34%). Personal (31%) and relational (25%) goals follow closely behind. There is a seeming disparity, however, between vocational and financial goals with only 10% of Australians suggesting their biggest life goal is a career related goal.

Australia’s Four Dreaming Personalities: Risk versus perspective

Four distinct dreamer personalities types emerged from the research. Some working-age Australians prefer investing in long-term goals, while others spend their money as soon as they earn it.

Risk taking varies, with some willing to take significant financial risks, while others prefer to play it safe, only taking calculated risks, or none at all.

Many dream about the future and consider the steps they can take to make it a reality, while others deal with the reality before them and instead live in the present.

Click here to download the infographic, and visit fpa.com.au/dreamerprofiles to take a free online quiz to determine your own financial dreamer personality.

About McCrindle

At McCrindle we are engaged by some of the leading brands and most effective organisations across Australia and internationally to help them understand the ever-changing external environment in which they operate and to assist them in identifying and responding to the key trends.

Our expertise is analysing findings and effectively communicating insights and strategies. Our skills are in designing and deploying world class social and market research. Our purpose is advising organisations to respond strategically to the trends and so remain ever-relevant in changing times. As social researchers we help organisations, brands and communities know the times.

Contact us to find out more about our research services.

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

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

Archive