Natwest：2022年度英国学生生活指数报告_99页_1mb

Student Living Index Summary

Core Content

The Student Living Index (SLI) for the UK in 2022 shows a 22% decrease in the index compared to 2021, indicating students are better off financially this year. This is attributed to a 65% increase in average student incomes, which outpaced the 29% rise in living costs. The report provides insights into student income sources, expenditure patterns, money management practices, and overall wellbeing and sustainability efforts.

Main Points

• Student Living Index (SLI):

  • The average student living index fell by 22% in 2022.
  • Cardiff has the best value for money, with its index halving from 2021 to 2022.
  • London saw a drastic improvement in its SLI ranking, while Cambridge & Oxford maintained relative improvements and still rank in the lowest half.
  • Edinburgh is the only city where student spend/costs outweigh their income, likely due to lower average monthly income.

• Income Sources:

  • Student loans make up 49% of monthly income, but this is a slight decrease from 2021.
  • Coventry, Leicester, and Manchester have the highest term-time income.
  • Parents/family are the main source of financial support in cities like Edinburgh, Glasgow, and London.
  • Term time work has increased by 35% since 2021, with Manchester and York students working the most hours.

• Expenditure:

  • Supermarket spend remains the top monthly cost at £76.29.
  • Household bills have more than doubled since 2021.
  • Alcohol spending increased by 59%, with Liverpool and Exeter students spending the most.
  • Takeaways are a major expense, with Oxford students spending £20 more than the UK average.
  • Newcastle students spend 65% more on going out than the national average.

• Money Management:

  • 35% of students run out of money before the end of the term, up from 25% in 2021.
  • 1 in 4 students use their overdrafts to supplement income, up by 25% from last year.
  • Credit card use has more than doubled, with a 244% increase since 2021.
  • BNPL (Buy Now Pay Later) services are used by 43% of students, with one or more mid-sized purchases being the most common.

• Wellbeing and Stress:

  • 31% of students rate studying as very stressful, a slight decrease from 2021.
  • Glasgow and Coventry students report the highest levels of stress.
  • 38% of students found summer 2021 exams more stressful than expected.
  • Exercise and sports are the most common stress-coping mechanisms.
  • 34% of Oxford students find their degree highly stressful, compared to 31% of the UK average.

• Sustainability Efforts:

  • 10% of students report making no effort to live more sustainably, an increase of 2 percentage points from 2021.
  • Coventry, Nottingham, and Edinburgh students are more likely to make efforts towards sustainability.

• University Motivations and Expectations:

  • Subject choice remains the top reason for choosing a university, followed by university reputation and fees.
  • Cambridge is the most popular choice for university fees, while Leeds has moved to the top for university reputation.
  • 91% of students expect the cost of living to rise further in the next academic year.
  • Exeter students are most likely to plan to rent their own living space after university, while Cardiff & Glasgow students are most likely to take an extended holiday.

Key Information

• Income Trends:

  • Average student income increased by 65% in 2022.
  • Term time work hours doubled since 2021.

• Expenditure Trends:

  • Monthly rent fell by 12% due to increased university accommodation popularity.
  • Going out spending increased by 63% since 2021.
  • Home entertainment spending increased fourfold from 2021.

• Financial Support:

  • Parents/family support is crucial in cities like London, Edinburgh, and Glasgow.
  • Oxford & Cambridge students are relying more on bursaries and scholarships than on parents.

• Stress and Wellbeing:

  • 40% of students find managing money stressful, with Coventry students experiencing the highest stress.
  • 42% of UK students spend £10 or less on self-care and wellbeing.

• Lifestyle Changes:

  • 88% of students have made lifestyle changes to live within budget.
  • Reducing online shopping and switching to supermarket own brands are common changes.

• Future Plans:

  • Renting their own living space and taking an extended break are the most popular post-university plans.
  • Nottingham and York students are more likely to move back in with parents.

Summary Table