Over 50% Of Students Are Now Making Money Through Side Hustles
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Over half of university students are now making money from side hustles including Bitcoin investments and online gaming, new research from student accommodation marketplace student.com has revealed.
The study, which looked at the changing habits of 1,000 university students, found that while they are studying for an average of 20 hours a week, 55% are now helping g to cover their costs through ‘side hustle’.
The poll found that today's students are really using the internet to their advantage, with more than one in eight (14%) making money from their social media feeds with adverts or brands paying them for sponsored posts and one in five (21%) earning income from online gaming.
Students are also making more conscious health and well-being choices ranging from regularly cooking from scratch (45%) to frequently meditating (18%).
More than a sixth of university students (18%) are making money from BitCoin investments while one in ten have also earned income from being paid to blog for brands or companies (10%).
Other money-making side hustles include reviewing products online (21%), making or repurposing clothing and re-selling them (18%) and online tutoring (20%).
The Student.com study also found that over two thirds (64%) of student side hustles are based online and can be done without even needing to leave their accommodation, with one in five students making between £400 - £599 on average per month - an average of £3,444 per year!
The research into student habits today shows nine in ten (91%) of those surveyed consider themselves as health conscious with half (53%) exercising regularly and a quarter (26%) regularly eating veggie or vegan meals.
In other areas of student life, two in five (40%) of those surveyed put their mental health as a priority and a third (34%) agreed that they have found their mental health is something they need to focus on even more now than they did before they attended university. With this in mind, students are journaling (16%) to lift their mood, tracking their sleep (27%) and using wellness apps (21%) as well as volunteering for charities or their local community (16%).
Choosing accommodation that enables students to live a physically and mentally healthier life is also a priority, with respondents citing their current accommodation includes a gym (29%), pool (11%) and cinema room (18%).
Commenting on the research, Dan Baker, General Manager for student.com said: “It’s fantastic to see that students are being entrepreneurial and embracing side hustles to earn money in ways which fit around their studies at university.
The focus on wellbeing can be seen in the demand for properties that provide a wide range of facilities – such as communal spaces and gyms – as they look to balance their learning and personal lives.”
The students who took part in the poll also had some advice for those applying to university in the future.
A third (34%) recommend thinking about student accommodation as early as possible and also ensuring you have a cleaning rota in your student digs (30%). While a further 38% also said that a top tip is to not be afraid to live with people you don’t know, as it can turn out really well.
Student.com is the world’s leading marketplace for student housing, helping students find their perfect student home.
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