Personal Finance and Services Report

Young people’s finances have been uniquely impacted by the events of 2020. Gen Z and young Millennials, still in the beginnings of their careers are more likely to have been hit with job losses, and changes in income. After an initial stabilization of young people’s savings earlier this year, we’re seeing a shift. Half of Gen Z and Millennials say that COVID has had a negative impact on their finances. Though not all young consumers are suffering financially, the number who are struggling or stressed over their bank accounts is increasing. This look at their personal finances right now explores...