Meanwhile, employed Millennials are saving money because of COVID.

Meanwhile, employed Millennials are saving money because of COVID. YPulse’s most recent financial report found that savings and spending power for employed Millennials has actually increased in the wake of COVID, and according to a survey from The Manifest, 27% of Millennials are saving more money from their paychecks because of the pandemic. With student loan payments halted and Millennials moving back home, many are “shifting” where they spend their money to maintain being financially independent. Sixty-six percent of respondents are spending their paychecks on housing while 9% are spending it on education and 6% on health insurance. (PRNewswire)