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

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

Archive