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2017 back-to-college survey

 An Article on  https://www2.deloitte.com  talks about the following:  Savvy college students find ways to stretch back-to-college expenses  Most college students (76 percent) consider themselves to be budget conscious going into back-to-college shopping season. Here are some of their intended back-to-college behaviors:  ·         Eighty-one percent plan to buy from retailers who offer free shipping  ·         Seventy-six percent plan to buy more used textbooks   ·         Sixty-six percent plan to rent more textbooks  ·         Eighty-two percent plan to earmark budget for socializing with friends, and more than 50 percent for cultural and sporting events  We know that freshman spend the most because they are buying everything brand new for the first time. As such, they have the most overall average spend compared to other years at $1,452. But this year could be a winner for retail, as 53 percent of freshman expect to spend more this year compared to last year’s freshman class.  What are they buying? While the percentage of spend per category remains flat across different college years, freshman students are likely to spend a greater portion of their budget on computers and hardware (24 percent). Graduate students are likely to allocate a greater portion of their budget on clothing and accessories (18 percent).  https://www2.deloitte.com/us/en/pages/consumer-business/articles/back-to-college-survey.html

An Article on https://www2.deloitte.com talks about the following:

Savvy college students find ways to stretch back-to-college expenses

Most college students (76 percent) consider themselves to be budget conscious going into back-to-college shopping season. Here are some of their intended back-to-college behaviors:

·         Eighty-one percent plan to buy from retailers who offer free shipping

·         Seventy-six percent plan to buy more used textbooks 

·         Sixty-six percent plan to rent more textbooks

·         Eighty-two percent plan to earmark budget for socializing with friends, and more than 50 percent for cultural and sporting events

We know that freshman spend the most because they are buying everything brand new for the first time. As such, they have the most overall average spend compared to other years at $1,452. But this year could be a winner for retail, as 53 percent of freshman expect to spend more this year compared to last year’s freshman class.

What are they buying? While the percentage of spend per category remains flat across different college years, freshman students are likely to spend a greater portion of their budget on computers and hardware (24 percent). Graduate students are likely to allocate a greater portion of their budget on clothing and accessories (18 percent).

https://www2.deloitte.com/us/en/pages/consumer-business/articles/back-to-college-survey.html

Jenny Hardin