Savers monitor pandemic impact

A new study found that the pandemic has had a disproportionate impact on the finances of Millennials and Gen Xers. In the research, 41% of Millennials and 39% of Gen Xers reported negative impacts of the pandemic on their financial situations, compared with 33% of late Baby Boomers and 29% of Early Baby Boomers. Younger generations were also concerned about retirement, with 57% of Millennials and 49% of Gen Xers citing worries about the impact of the pandemic on their nest eggs.

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