The COVID crisis will have significant economic impacts on both Gen Z and Millennials. Millennials already endured the Great Recession, which put them behind other generations financially and they’re now “more vulnerable to the financial costs of the downturn” as they potentially face layoffs, juggle student debt, and (for the few who actually invested) lose money in the stock market. Meanwhile, Gen Z will likely be permanently impacted by Coronavirus as well, with some experts predicting the crisis will make them “a generation of supersavers”—who are wary of investing. (NYTimes, CNBC)
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