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

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

Archive