Gen Z represents a wealth of untapped potential, yet so many brands still don’t understand
what makes students tick. To truly win with this generation, you need to learn what’s driving
young people to make purchasing decisions.
Introducing the UNiDAYS Q4 Student Insight Report, containing everything you need on
your to-do list for student success. Download the report now to find out:
- Why students are feeling more positive about the winter months
- Where and when they’re planning to spend big
- What you can do to win their loyalty right now
- How to supercharge your brand for students
And much, much more. Now, let’s focus on what’s going on with Gen Z in Q4
As the summer draws to a close, there’s something pertinent on the minds of Gen Z. It’s time
to go back to university.
The pilgrimage back to campus is a unique time of the year. As students return to uni or
move into halls for the first time, they’ve got long, long shopping lists. From paying for
accommodation, transport and stocking fridges to fresh fashion and big-ticket tech items for
studying, it’s going to be expensive.
But it doesn’t end there. Just on the horizon are huge shopping events like Black Friday and
the holiday season, meaning students will be bargain-hunting and gift-giving all the way
through the end of the year.
The thing is, the vast majority of Gen Z are yet to have formed brand loyalty. So, supporting
them to achieve their goals and lower their financial burdens are the optimal ways to unlock
that highly sought-after trust from students.
Students have told us that they’re feeling happier about the final months of the year than any
other period. However, Gen Z remains the most anxious, overwhelmed and nervous
generation, likely due to the intricate balancing act young people are required to perform,
juggling studies, deadlines, finances and social, family and university commitments.
According to students, their biggest concerns are:
- Academic studies
- Next steps after university
- The cost of living
These concerns, though, spark opportunities. Could your brand offer support, tools and
resources to support students with their academic and post-grad lives? Plus, Gen Z
consistently tells us the cost of living is their primary consideration—56% are worried about
it. That means price-based strategies that alleviate some of those concerns are bound to set
you apart from the competition in the eyes of young people.
For Gen Z, the highest outgoings continue to be rent, groceries and household bills. Add to
that transportation, commuting, clothing, dining out and plenty of other expenses, and
suddenly balancing a student income becomes rather daunting. So, how do they pay?
More than any other generation, 58% of Gen Z will rely on their parents for financial support
over the next few months. Other sources of income include:
- Dipping into savings (42%)
- Part-time jobs (39%)
- Student loan (29%)
- Side hustles (11%)
- Full-time jobs (8%)
The student loan simply isn’t enough to cover Gen Z’s expenses, which means their top
purchase drivers are:
- Price
- Quality
- Availability of a student discount
It’s not a surprise that young people value price the most, but their desire to access student
discounts directly impacts their priorities, meaning those much-needed incentives are set to
make your brand a Gen Z favourite.
From the return to campus to Black Friday and the holiday season, one thing’s for
sure—Gen Z is set to spend a lot of money. It’s time to step up to the plate and deliver them
much-needed support.
Young people truly care about brand reputation and comfort. So, once your brand has
solidified a great deal, product or service, it’s time to make sure the quality, price and fit all
align with Gen Z.
Plus, before forming lifetime loyalty with your brand, students are looking for a genuine
connection. So, help them—give them compelling offers with reasonable prices, lean on
partner deals and make building your reputation a priority.
Unlock a verified audience of 29M+ students by partnering with UNiDAYS, coupled with
actionable insights to propel your brand in front of this generation. Or, download the Q4
Student Insight Report to find out your ultimate to-do list for Gen Z success.
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