In Australia, how many people above the age of 50 have a bucket list and what are the top 5 items on their bucket list?
Hello! Thanks for your question about how many people above the age of 50 in Australia have a bucket list. The short answer is that 2.8 million Australians over age 50 report having a bucket list, and the most common item on their bucket lists is travelling the world. You'll find a deep dive of my research below.
According to the Australian Bureau of Statistics, the Baby Boomer generation (50+) in Australia has a population of 5.574 million. Of those, roughly 13% are aged 45-54, 12% are aged 55-64, and 15% are aged 65+. According to a survey of over 1,000 Australians over the age of 50, more than half have a retirement bucket list. If we make a conservative estimate of 50%, that would be 2.8 million Australians aged over 50 with a bucket list (50% of 5.574 million). It's worth noting that this survey and data is from 2013; however, it was the most recent source I could find that gives an exact answer to your question. In addition, given that we're looking at big picture, generational data, it's unlikely that the figures have changed much in just a few years.
The same survey found that traveling the world was the most common item on the bucket lists of Baby Boomers, with 53% reporting having this item on their list. Here are the other top items:
1. 43% - go on a road trip,
2. 36% - visit a world famous attraction or event like Machu Picchu, Niagara Falls or the Rio carnival.
3. 30% - leave an inheritance to their children.
4. 15% - write a book.
5. 14% - swim with dolphins.
6. 11% - learn to play a musical instrument.
As you can see, travel is the most common theme among bucket list items, in addition to creative pursuits like learning a musical instrument and writing a book, and financial goals such as leaving an inheritance to their children.
Since travel was the most common item on the bucket lists of Australians over 50, I'll go into that a bit more in depth. Another survey, from Allstate Financial, also found that the number one activity Baby Boomers in Australia plan on pursuring during retirement is travel. Additionally, three out of five Australians plan to take at least one leisure trip in the next 12 months and 35 percent of those will be baby boomers. Moreover, the Australian Bureau of Statistics reports that the number of retirees travelling overseas has increased by 80% in the last five years.
Moreover, a survey from Galaxy Research found that 63% of Australians plan on undertaking "outside the norm" travel adventures during their retirement. These include:
1. Biking and trekking - 44%
2. Join an archaelogical dig - 22%
3. Bungee jumping or skydiving - 12%
In terms of where Baby Boomers want to travel, a recent survey found that the top travel destinations for older Australians are as follows:
New Zealand: 9%
To wrap up, 2.8 million Australians over age 50 report having a bucket list, and the most common item on their bucket lists is travelling the world. I hope this information is helpful to you! Thanks for using Wonder, and let us know if we can help you with anything else.