The majority (53%) also report having to meet higher expenses this year with less money. A quarter (26%) say they have less money this year to work with but their expenses stayed the same. Only 19% feel they have the money to meet expenses, and just 2% say they have significantly more money to spend this year than last.
Below, additional key findings from the report, which was based on a survey of more than 1,000 US college students preparing to return to school.
Income and Expenses
- Just 45% of students said they met or exceeded their summer job earnings goal.
- 34% said they fell short of their summer job earnings goals, and the remaining 21% said they had no set financial goals for the summer.
- Most college millennials (54%) plan to rely on off-campus work during the school year to meet expenses.
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