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Ten Insights About Student Spending From Market Research

By: Linda P. Morton




Student Spending Market Research Insight 1: High school students spend a combined $187 billion per year.

Student Spending Market Research Insight 2: Many high school students work, earning close to $100 per week.

Student Spending Market Research Insight 3: College students together spend another $100 billion per year.

Student Spending Market Research Insight 4: College students have an average of four credit cards and carry balances between $3,000 and $7,000. They pay this debt slowly, but surely.

Student Spending Market Research Insight 5: High school students mostly use the Internet for information, but college students buy online.

Student Spending Market Research Insight 6: Today's men students enjoy shopping equally as much as women students. Both genders are used to shopping for themselves and like it.

Student Spending Market Research Insight 7: To market effectively to today's students, business owners and personnel must avoid hard sales techniques and traditional advertising. Students don't respond well to either.

Student Spending Market Research Insight 8: The best marketing for today's students is word-of-mouth. If a peer recommends a product that's better than any advertising.

Student Spending Market Research Insight 9: Students do attend to some advertising, but it has to relate to their lives, be humorous, use emotion, and include their kind of music.

Student Spending Market Research Insight 10: For their largest purchase, students look for a good value on a quality car that is inexpensive to insure and offers a good warranty.

Article Source: http://www.orbitaloc.com/

Business owners and marketers, get more insights at Market Research Student Spending. They can also get Target Market Profiles on Generation Y and college students.

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