Worried about Money Because of COVID-19? 5 Tips for Millennials
The financial fallout from COVID-19 has had an outsized impact on Millennials. In fact, a survey by the Pew Research Center found that 32% of younger Americans said the COVID-19 pandemic was a bigger threat to their finances than to their health.
According to our own upcoming Advisor Authority study of more than 2,500 advisers, financial professionals and individual investors, during the pandemic Millennials have been the generation that is far more likely to take a pay cut, be laid off from a job and take on added responsibilities as a caregiver for a family member or friend.
Millennials have already faced their share of financial challenges. Coming of age during the Crash of 2008 and the Great Recession, saddled with more student loan debt than any other generation, many Millennials have been forced to put important life decisions be blindsided by outside events.
