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Students are bearing the brunt of high property costs

Wednesday, 18 April 2012

Posted by Mozo

Many people who have not been to university think that being a student is about partying and lying in bed all day, only moving for the occasional lecture.

While there are still clear examples to suggest this may be more than just a lazy stereotype, many Aussies fail to recognise the financial hardships that academics face.

Being a full-time student can be quite traumatic, especially if you have to cover your accommodation costs without the help of your parents.

A new study conducted by Australians for Affordable Housing (AAH) has shown that Aussies aged between 15 and 24 are twice as likely to suffer from "housing stress" than other members of society.

Youngsters are spending an average of 30 per cent of their total income on rent and people enrolled on a university course are seeing their student bank accounts take a battering.

"Housing stress puts thousands of young people on the brink of financial crisis every single week," said Sarah Toohey, campaign manager for AAH.

Have a question about student banking? Ask the money gurus at Mozo Answers.ADNFCR-1761-ID-801343059-ADNFCR

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