For the past seven years, Lifelounge’s Urban Market Research (UMR) in conjunction with Sweeney Research, have been compiling the definitive guide on the lifestyles, interests and passions of 16 to 30 year old Australians.
The research seeks to encapsulate the values, behaviours and attitudes of the young adult market segment, focusing on the core interest areas of music, sport, fashion, entertainment and travel. It also evaluates how communication, finance, sex, health and society influence behaviour.
Released today, the UMR reveals:
- Music is no longer the major defining factor for young adults
- Surf brands no longer reign
- Email is on the decline
- Brands that deliver “street cred” is no longer enough, people are looking for “supercharged consumer sovereignty”
- Pause and absorb time – is prized as much as the capacity to multitask
- When it comes to brands, it’s nuance over noise
- A new level of authenticity, what they are calling “authenticiti-me” is emerging – where trend setters can adopt a brand and add their own expression of individuality to it
There are some nice statistics and insights in the report:
- Mobile phone ownership is close to universal with only 2% of the youth market saying they don’t have a mobile
- Only 24% of the 16-30s downloaded music illegally in the last four weeks
- 20% of 16-30 year olds spent over $100 on their most recent pair of jeans
And there’s plenty more. For me, the report validates observation. But many of the insights extend beyond the age focus of demographic research. I have always believed that the “youth” category describes a state of mind. Read the report in that light and you will gain a fantastic insight into the behavioural characteristics of a great swathe of the population.
But for those interested in the youth market in particular, it provides valuable insight to the trends and behaviours that are not just emerging – but which have become prevalent. Take a look at the Lifelounge website for more details.