Theoretically, methodologically and empirically, using the online survey method with an appropriate sample (N = 505), the paper investigates three aspects of music consumption by students of Northwestern Croatia – their musical preferences, to which extent these preferences result from transmission of their parents' musical taste and their perception of certain music genres (and lovers of those genres). In investigating the aforementioned aspects, the paper relies on Pierre Bourdieu's concept of cultural capital. The results show that the metric characteristics of the instrument measuring musical preferences slightly deviate from those found in a previous study. Furthermore, students express most preferences for rock music or the blues, as well as domestic pop-rock music, while turbo-folk is arguably the least preferred genre. Differences were also found regarding socio-economic and socio-demographic characteristics, and the most important findings are those showing that the students' musical preferences are independent of their economic status. Moreover, when it comes to listening classical music, rock music or the blues, a positive correlation between students and their parents was found, which indicates that the parents' musical taste directs their children's musical preferences towards certain musical styles. Finally, the study revealed students' positive stereotypes about classical and jazz music and its lovers as well as negative stereotypes about turbo-folk and hip-hop music. It also turned out that students from urban centres generally show more expressed stereotypes, while those studying at University of Zagreb to a greater extent judge lovers of certain music genres according to their personality type. The results of the study point to the emergence of new (hybrid) cultural forms, the need to redefine the strict demarcations and cultural hierarchies based on the idea of 'high culture' as well as the need to acknowledge the fact that the mutual dynamics of economic and cultural capital are changing.