Financial Worries while at University

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Financial Worries of Young People 

In a recent survey conducted by one of the Big-4 accounting firms, 41% of millennials and 46% of Gen Z respondents said they were stressed all or most of the time. About two-thirds of each group identified day-to-day finances and job/career prospects as significant worries. While financial stress is nothing new, the economic impact of the cost-of-living crises, the pandemic and the growing generational wealth gap is exacerbating and complicating the picture in many countries. It’s best to hire a wealth manager who specializes in the type of planning you need, visit https://vigilantwm.com/managing-your-wealth/ to learn more.

Research

Dr Phyllis Alexander, Associate Professor in Accounting and Taxation in the Business School, is currently collecting data for cross-country research into university students’ financial anxiety, financial socialisation, financial literacy, financial behaviour, loss aversion and personality traits.

Survey

This is an open invitation to all BU students interested in participating in the study into financial management behaviour and anxiety of university students. The online survey should only take 5-7 minutes to complete. The data will be used only for statistical analysis and will be treated with strict confidentiality. Thanks to those for taking time to contribute to the research project.

 

BU and SUBU Financial Support Teams

If students would like to speak with someone about concerns, BU and SUBU offer free independent and confidential advice on housing, money and personal matters:

BU’s Student Money Advice Team can be contacted through AskBU by phone, by email or in person from Monday to Friday, between 9am – 5pm (4.30pm Fridays).

  • Call 01202 969696 – option 1
  • Email askbu@bournemouth.ac.uk​
  • Visit us at The Base in Poole House on Talbot Campus, or at the Helpzone in Bournemouth Gateway Building, on Lansdowne Campus.

SUBU – drop in sessions Monday to Friday from 2-4pm or you can email them to request an appointment at subuadvice@bournemouth.ac.uk

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