Millennials are more likely than older generations to use their COVID-19 stimulus checks for housing costs. According to a survey from personal finance site Crediful, 31% of Millennials are planning to spend their $1,200 stimulus check to cover housing costs, compared to 26% of Xers and 22% of Boomers. YPulse’s COVID-19 research on how young consumers plan to spend their stimulus money found rent is one of the top things Gen Z and Millennials are prioritizing, though it wasn’t the top item on the ranking. (Yahoo! Finance)
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