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

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

Archive