The Truth About What Students are Spending Their Money on RN

Between cozzie livs and being a student, there’s a lot going on.

No one can deny that for at least a good year now cozzie livs have hit us pretty hard.

And while everyone keeps telling us to stop spending our money on streaming subscriptions, morning coffees and avocado toast, there is a genuine worry amongst students about how we are going to afford things.

No one likes cozzie livs.

@studentedge

Ever wondered what other Gen Z's are spending their money on? Well not much. Cozzie livs have got us asking 'how are we actually going to afford things?' But according to our Top 100 Brands Report from 2023, the percentage of students who are spending went up by 10% from 2021 to 2023. And what are some of these Gen Z's spending their money on? Experiences ✨

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According to a Student Edge Member’s Survey conducted in September 2023, inflation and cozzie livs are Gen Z’s highest stressor with 72 per cent of people saying this is what stresses them out the most.

(The other top two things Gen Z’s are worried about include doing well in their studies and uncertainty about the future).

In 2023, 60 per cent of Gen Z’s rather save than spend and 88 per cent are looking for ways to spend money.

Honestly, feels.

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But some of us love our little luxuries ☺️

Although most of us are trying to save our dollarydoos, there is a tiny portion of Gen Z’s who prefer to spend than save.

According to our Top 100 Brands report, the proportion of Gen Z’s who prefer to spend than save grew by 10 percent from 2021 to 2023.

And the things these risk takers are spending their money on? Experiences ✨

Think streaming services, cinema tickets, tickets to sporting events and gym memberships.

In a post-COVID world, it’s clear we all just want to fill our cups with positive experiences with our pals and honestly, we stan.