NEW GEN Z 101: Unlock & Outlast Microtrends

Did COVID-19 actually help Millennials’ finances?

Jun 22 2020

Did COVID-19 actually help Millennials’ finances? According to a survey by personal finance site Money Under 30, 65% of 18-39-year-olds say the pandemic had a positive effect on their finances, with 69% spending less money overall. Despite the jump in online shopping, young consumers have been especially saving on eating out, transportation, and nights out drinking. The research also found the majority of Millennials (61%) feel that now is a good time to invest, with 20% actually saying they plan to start investing because of the pandemic. YPulse’s After Corona trend report found that 40% of Millennials believe their financial decisions (e.g. investments or budgeting) have been permanently changed by Coronavirus. (The Street Insider)