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In total then, there is spending by offâ€"campus students of $97.6 million. Add to this the $10.4 million spent within the communâ€" ity by those who live in residence, and the $7.1 million spent in the community by those students who commute from outside the region and total student spending within Waterloo Region amounts to $115.1 million of which 85 per cent is spent within the City of Waterloo. That means businesses in Waterloo have $97 million in spending that they would not likely have if the Universities were not in the community. The employees who get their Em en tfor that which amounts to $344.90 (and that does not inâ€" clude car payments or insurance payments, both of which are reported by these students. At 50 per‘cent of the total student body, this group contributes $47,693,462 to the community. i Nes ort m 7 community influx of funds is $25,592,772. Now, of course, stuâ€" dents who live in the community with their parents could be exâ€" pected to spend less within the community but we have a figure in every case, some of that money is spent on campus which then in turn is put into the community to buy supplies, the amount has to Students who live offâ€"campus must also spend money on food, and other expenditures such as transportation, clothing and perâ€" sonal needs, and of course enterâ€" tainment. Here, the average stuâ€" dent spends $629.84, Now, since During the fall of 1991, there were 23,047 fullâ€"time and 13,334 partâ€"time students enroled at the two Waterloo universities. Obviâ€" ously, not all of those students live with parents or on campus and those who live in the comâ€" munity (presumably renting acâ€" commodation either singly or in groups) spend money on rent, utilities, furniture, telephone, cable TV etc. For the average student, expenditures on these items cost $484.68 per month or $3,877.44 per annum. Most of this money flows to people who live in the community or who make their money in the community and thus provides either retirement income, supplemental income or direct jobs within the community. If only 25 per cent of the students live offâ€"campus and not with parents, and we only count fullâ€" time students, the sum of money is $22,340,840. Exact figures for those who live away from home, not with parents has to be worked out yet but one can see how much is spent here. During November 1991, one of my classes collected some data on student spending as part of a project looking at the impact of the two universities on the comâ€" munity. It must be remembered that not only is the direct spendâ€" ing by the students large, there is also spending by those who have jobs because of the presence of the students (what economists know as a multiplier effect). Universities a As we find ourselves lining up in banks or in grocery stores behind the fresh influx of stuâ€" dents, let us remember that our frustrations ought to be tempered by the knowledge that these students bring with them many positive benefits for Waterloo. PAGE 28 â€" WATERLOO CHRONICLE, WEDNESDAY, SEPTEMBER 9, 1992 ud While this article seems to be stuck on statistical analysis, one must remember that some of the employees of those businesses which receive those monies are ones who would lose their jobs if that spending did not occur. Moreover, the universities themâ€" jobs from the fact that students spend dollars in Waterloo turn around and spend some of their wages within the community. It is estimated that the multiplier effect is 1.4, which suggests that the $97 million in student spendâ€" ing becomes an extra $135.8 million in total spending within the city. e community mated at $26.9 million) in the community too aside from their employees (estimated at $71.4 million), which with the multipliâ€" er again provides jobs within the community for hairdressers, lawâ€" yers, dentists and all kinds of others. Finally, we know that university communities draw visâ€" itors for sports events, to visit students, to attend concerts and cultural events, and to attend conferences. In our study, it was estimated that 124,000 vistors came to Waterloo in any one (Cm.dmpqczs) selves depend on students and they spend multiâ€"millions (estiâ€"