To celebrate the release of the 2021 editions of the Australian Millennial Report and Australian Generation Z Report, the researchers at Millennial Future have recorded a free podcast called Millennial Australia in 8 charts. The 22 minute-long podcast covers the most significant themes shaping the lives of Australians aged 21-38.
Says Tom McGillick of Millennial Future: “This is our 4th year, and each year we try to find a new way to present a sample of the reports. The 2021 Millennial report is less about demystifying what is now a fairly well understood segment of the population, and more about examining the causes of motivations, and the effects of behaviors of young Australians. We hope listeners of the podcast find something in there that they hadn’t previously considered.”
The podcast covers 8 major findings of the 2021 Australian Millennial Report:
- 1. Following 4 consecutive years of decline, average scores of personal optimism, and optimism around the direction of the nation, have improved in the last 12 months.
- 2. A gender divide in optimism and prosperity is widening among young Australians. When it comes to our attitudes towards the environment, attitudes towards sex, optimism, and prosperity, young women and men are growing apart.
- 3. As Australian Millennials get older, the path through the economy is finally becoming clearer. For the first time in 4 years, increases in perceived job security, and rates of home ownership are directly correlated with increased age.
- 4. Creeping conservatism. This group will naturally grow increasingly conservative with age, but young Australians are growing more sceptical of climate change and more risk averse each year.
- 5. The shrinking family. Costs of living and housing are the driving force behind the growth in preference for smaller families. The number of young Australians who feel they can afford 3 children is dwindling, while the number who would prefer to live alone continues to grow.
- 6. A more sober approach to health and wellbeing. This generation have always been notorious for a willingness to embrace alternative approaches to health and wellness, but as the oldest Millennials approach 40 they’re starting to embrace an approach to health more focused on longevity.
- 7. How to be happy. In 2021, the single best predictor of a young Australian’s above average personal optimism is the opportunity to do work that they consider important.
- 8. How to thrive. The single best predictor of above average prosperity or financial optimism remains having a post graduate degree.
The 2021 Australian Millennial Report is a nationally representative sample of 1202 Australians currently aged 21-38 and is available here: https://tinyurl.com/4wxundhz
The 2021 Australian Generation Z Report is a nationally representative sample of 1018 Australians currently aged 16-20 and is available here: https://tinyurl.com/2p4jzbd9
Both reports provide up-to-date local data on education, the environment, media consumption, banking and finance, family, health and diet, app and internet usage, trust in brands and media channels, and society.
Millennial Australia in 8 charts is available to listen here: https://tinyurl.com/j2mhtjhj