As the winter quarter kicks off at Cal Poly, students are making a significant impact on the local economy through their off-campus spending habits. The anticipation and preparation for the new quarter have led to a surge in consumer activity among students.
According to a recent report by REACH Central Coast in November of last year, Cal Poly students collectively spent approximately $320 million off campus between 2022 and 2023. This expenditure does not include essential on-campus items like books and supplies. The report highlights that 43.1% of student spending goes towards rent, emphasizing the financial burden on students.
Makenzee Higuchi, a Cal Poly student, shared her experience of off-campus spending, stating, I spend quite a bit of money on rent, food, and entertainment off campus, and that doesn’t even account for the amount we spend on campus just for the convenience. Higuchi also expressed the challenges of resuming daily activities for the new quarter, mentioning how crowded grocery stores made it a hassle to stock up on essentials.
Another student, who lives on campus, mentioned finding ways to save money. By utilizing the kitchen in their apartment, they have been able to reduce expenses by cooking meals instead of relying on expensive dining options.
For student-athletes like Jake Steels, food purchases constitute a significant portion of their expenses. Steels emphasized the importance of maintaining a nutritious diet as an athlete, making it a top priority.
The REACH study further revealed that rent was the highest off-campus expense, followed by groceries and eating out. These findings shed light on the financial challenges faced by Cal Poly students and the profound influence their spending has on the local economy.
The impact of Cal Poly students on the local economy cannot be understated. Their collective spending power injects significant funds into the community, benefiting numerous businesses. However, it also exposes the financial strain many students endure while pursuing their education.
The start of a new quarter brings both excitement and financial pressures for Cal Poly students. As they settle into their routines and engage in off-campus spending, their contribution to the local economy is a crucial component of the region’s prosperity. With rent being the highest expense, students face a challenging balancing act to meet their financial obligations while ensuring their academic success.
Cal Poly students embody the vibrant spirit of their campus and community, and their impact reaches far beyond the confines of their classrooms. As winter quarter begins, their economic influence serves as a testament to their dedication and commitment to their education. Their off-campus spending not only enhances their college experience but also plays a pivotal role in driving the local economy forward.
In conclusion, Cal Poly students’ off-campus spending has a substantial impact on the local economy as the winter quarter commences. Their contributions, particularly in areas such as rent and food purchases, highlight the financial challenges they face while simultaneously bolstering businesses in the community. As students navigate through a new quarter, their economic engagement underscores their prominent role within the region.
