A futurist is someone who studies trends and factors that impact the future. Studying society and observing trends helps to paint a trajectory for the future. Futurists have a lot in common with historians because they both look at how times have changed. They look both back and forward, to gain a better perspective of…
Baby Boomers, who predominantly make up the current generation of grandparents, are having significant impacts on the economic landscape, showcasing their pivotal role in wealth transfers as they actively contribute to and shape the financial dynamics over the years ahead. The proportion of national population to proportion of national wealth across the generations highlights a…
Australia has always been an entrepreneurial nation, with small businesses as the backbone of the economy and the labour force. The Australian spirit of independence, a DIY attitude and the courage to give things a go are strongly demonstrated in the data. With lower trust in large corporations, and a rising generation with entrepreneurial ambition,…
The topic of financial health is one that many Australians put off for another day. So much so that the number one financial regret of Australians is not prioritising their financial health earlier in life. Most Australians do not have much saved up for a rainy day. More than half of Australians (53%) have $5,000…
In ancient times, people used the term generation to describe all the people alive. Over time, that has changed to more of a biological definition, which is the span of time from when one is born to when they have children. Because the median age of giving birth is now 30 years, that time span…
Generation Alpha is poised to reshape the consumer landscape, wielding an unparalleled economic influence driven by their innate relationship with technology. As this generation matures, its economic footprint is projected to reach an astonishing US$5.46 trillion by 2029. This generation isn’t simply inheriting a digital world – they are being born into it. From their…
Generation Z (born between 1995 and 2009) were shaped in their formative years by the rise of digitalisation, and more recently, the behavioural shifts caused by a worldwide pandemic. There are currently almost 5 million Gen Z in Australia, comprising 19% of the national population. As they continue to enter the workforce over the next…
The rising cost of living is taking a toll on Australians. Recent research found that almost two in five Australians (37%) would find themselves without funds within a week if their income were to cease. This statistic remains consistent with findings from two years ago when the nation grappled with the impact of COVID-19 lockdowns…
The 1980s commenced not only a new decade but a new generation and one that continues to transform Australia to this day. As the Millennials (or Generation Y as they are also known) began being born, there was no Apple Macintosh, no Microsoft Windows, the Space Shuttle hadn’t yet been launched, and Australians could still…
The proportion of young adults or ‘kidults’ living at home in their 20s is on the rise, new data from The Australian Institute of Family Studies (AIFS) shows. Two in five (43%) young adults aged 20-24 were still living at home in 2016, up from 36% in 1981. It’s not only those in their early…
