Survey: Students the poorest but waste the most

MoneyMoney: Photo: Berit Roald / NTB scanpix

Norwegian students are wasting their money more than the general population, according to a survey by Response Analysis. – The study support is not enough, says the Norwegian student organization.
14 percent of students are spending money on unnecessary things, while the corresponding figure for the whole population is 6 percent, according to the study conducted for SpareBank1.

It is primarily on food and drink that Norwegian students have an overconsumption. But nightlife, clothes and shoes also come high on the list of what they spend unnecessary money on.

– The account is empty

According to the survey, 18 percent of students experience that the account is empty before payday. In the total population, the proportion is 14 percent.

Norwegian student organization (NSO) says it is not surprising that students are broke, referring to the student budget that is based on Statistics Norway’s survey of living conditions:

– Student Budget shows that financial support is not enough, there is therefore no wonder that the students notice that the account is empty, leader Marianne Andenæs from NSO said.

– No surprise

– Seven out of ten students report in the living conditions survey that financial support is their main source to cover the costs of subsistence. When the student budget shows that students are missing 3.921 kroner to live soberly on financial support alone, it is no surprise that the account is empty at the end of the month.

Therefore, NSO would like the financial support to be linked to the national insurance scheme and increased to 1.5G, she says.


Source: NTB scanpix / Norway Today