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

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

Archive