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‘Health conscious’ uni students spending less on alcohol

30th Oct 2017 - 06:00
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Abstract
University students in the UK are spending less money on buying alcohol in shops than their predecessors over the last 20 years did as expenditures such as gym memberships and travel costs have shot up.

A study from student letting app, SPCE, looked at the spending habits of three generations of university students; 2017, 2007-2017 and 1997-2007.

It found that the average spend on alcohol, to drink at home and or when out, has dropped almost 14% from 1997 as university students now spend £68 per month on booze compared to £79 before.

Where alcohol figures have dropped, the average spend on eating out in restaurants, bars, takeaways, cafes and on deliveries has risen with current student spending at £86, up from £69 between 07-17 and £66 in 97-07.

While rent and household bills, as it has done for the entirety of the period covered in the survey, still hits students pockets harder than anything else, outgoings on travel and health and fitness have seen huge increases.

Health and fitness spending such as on gym memberships and fitness classes, have increased by 263% from both 07-17 and 97-07 with students now spending £87 more on keeping fit than they do on alcohol.

Travel, the second largest outgoing, has experienced a similar rise of £245% with university-goers now forking out on average £235 on getting around compared with £68 between 07-17 and £86 from 1997 to 2007.

The third and fourth biggest spend was on clothes, fashion and beauty products (£179), and on groceries and household items (£157) respectively.

Average spending per month on academic items such as books and stationary was £69, £170 down on travel costs but still more than what was spent on alcohol.

More than 2,000 university students took part in the survey, according to figures from SPCE.

Leon Ifayemi, chief executive of SPCE, said: “The stereotypical view of students spending all their money on drinking and partying is, in reality, far from the truth.

“The modern student is evidently more health conscious, while the increasing cost of travel and household items are also eating into university budgets far more than in the past.

“For students and the parents often offering financial support to them, tracking their outgoings to ensure rent payments are met and overdrafts are not exhausted is essential to reducing stress and monetary concerns throughout the university experience.”

 

 

 

 

 

 

 

 

Written by
Anonymous (not verified)