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


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