Over the past several decades, Australian society has undergone profound economic, social, and cultural change. Education pathways have lengthened, housing costs have far outpaced wages, family formation has been delayed or disrupted, and government intervention has expanded across nearly every stage of life. Public policy has attempted to keep pace with these changes. But there is a growing mismatch between the aspirations young Australians hold and the reality they experience.
This CIS research (https://www.cis.org.au/publication/generation-trapped-housing-handouts-and-the-collapse-of-young-australians-life-satisfaction/) examines the lives, aspirations, values, and perceived barriers of Australians aged 18–34. Drawing on original qualitative interviews using conversational AI and quantitative research conducted by Spectre Strategy on behalf of the Centre for Independent Studies, it finds young Australians do not aspire to radically different lives than previous generations. Financial security, home ownership, meaningful work, family, and children remain core goals. What has changed is the degree to which these goals feel attainable.