Young Australians are driven less by FOMO (Fear of Missing Out) and are getting more enthusiastic about sustainability, equality and expect brands they interact with to also care, according to the latest edition of oOh! and its youth publishing platform Junkee Media’s annual in-depth look into Gen Y and Z.
The Truth and Share research project conducted by Pollinate Research for Junkee Media and Locate by oOh! also found that daily usage of Facebook fell slightly amongst Australian youth but was still used by 94% of respondents every day.
The research, presented as part of Vivid Ideas, also provided advertisers with insights in how they can create deeper connections, with Out Of Home advertising proving a powerful medium to reach the audience.
Junkee Media’s CEO Neil Ackland said Truth or Share, which gives advertisers critical insights they need to know to create deeper connections with the younger audience, also showed significant attitudinal and behavioral difference between the Gen Y’s and Z’s.
“We first started tracking the differences between the generations last year and we are seeing an even great differences between Gen Z and Gen Y,” Mr Ackland said.
“On the whole, we saw that young people are generally becoming less rebellious, carefree and uninhibited, and are becoming more conservative, ambitious and materialistic.
“The good news for advertisers though is that both audiences are receptive to advertising, particularly if it is contextually relevant to them.”
The research, some of which is being unveiled at the Vivid Ideas Exchange in Sydney this week, showed:
- Gen Z are less happy (67% compared to 74% in 2017), less optimistic (69% compared to 73% in 2017) and more concerned about their health and wellbeing (75% compared to 71% in 2017);
- Gen Z and Gen Y are becoming more distinct with Gen Z more ambitious (84% as opposed to Gen Y at 74%) and hold stronger moral values (80% as opposed to Gen Y at 70%);
- Social media usage among young Australians is on the decline, with average daily usages of Facebook dropping from 98% in 2017 to 94% in 2018, Instagram dropping to 73% in 2018 from 74% in 2017 and Snapchat falling sharply from 66% in 2017 to 52% in 2018.
- Social media usage by Current University and TAFE students varies, with this group using Facebook less (94% as opposed to 98% in 2017), Instagram less (72% as opposed to 74% in 2017) and Snapchat bucked the trend usage but still lower than Facebook and Instagram (58% as opposed to 56% in 2017);
- The top three brands most trusted by Australians aged 16-35 are PayPal (71%, Qantas (69%) and Microsoft (53%);
- Two in three Gen Y and Gen Zs are supportive of brands producing great content if it is high quality, relevant and clearly branded.
74% of young Australians said ads or content that features a celebrity or influencer is not at all important to them.
- The rise of millennials who want brands to act ethically and with integrity has also risen over the last five years from 40% to 55%;
- 78% of Gen Y and Z’s are not opposed to liking outdoor ads that tie in with ‘wherever they are’ or ‘whatever they’re doing’; and
- 76% of young Australians looked for more information about something that they saw on advertising when out and about;
Group Director of LOCATE by oOh!, Adam Cadwallader said when looking specifically at the student audience and their life on campus, the research revealed two in three students reported taking action after seeing an ad on campus, with 66% researching the product/service online, 62% considering buying the product/service, 45% talking to friends and family about it, and just under a quarter buying the product/service.
“Everything we do with our clients who want to reach this audience is anchored on understanding the youth and student audience,” Mr Cadwallader said.
“It is our mission to be in the know when it comes to students and so we are proud, working in union with Junkee Media, to reveal results from this years’ annual study into our youth called Truth or Share.
“This Study further strengthens oOh!’s position as the experts in youth audience and together with Junkee, our ability to deliver them across digital and classic Out Of Home, experiential and our unique online and on-campus student ecosystem.”
Key insights from the study are available to download through http://ip.oohmedia.com.au/youthresearch
Download the press release here.