Young adults are twice as likely to delay financial milestones during the pandemic. According to a Bankrate survey, 57% of 18-40-year-olds say they’d put off a major milestone because of COVID compared to 26% of those over 40-years-old. Buying or leasing a car, purchasing a home, pursuing career advancement, and furthering education were among the most delayed financial benchmarks, while less popular milestones that were delayed were having children, getting married, or retiring. YPulse’s Life Plans, Rewritten trend report found that half of 13-39-year-olds had to alter major life events and milestones last year. (CNBC)
