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Young Americans Depleted Savings During COVID-19

In the face of both the Covid-19 pandemic and an economic recession, Millennials and Gen Zers are learning just how crucial it is to build savings that they can rely on – especially during a time in which furloughs and layoffs are becoming increasingly more common. In a recent analysis, Travis Credit Union found that 3 out of 4 young adults believe that coronavirus will shape their financial habits moving forward. But what were their savings habits like prior to the crisis, and how have they helped during this time of uncertainty?

Saving habits of young adults during Covid-19

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Matt Zajechowski
Matt Zajechowskihttp://www.digitalthirdcoast.net/
MATT is passionate about all things search engine optimization (SEO) with a strong focus on link building, local search, social media and content creation and promotion. He takes a great deal of pride in helping our clients obtain more digital visibility. Matt's core career background is link building. Link building constantly forces him to adjust strategies and explore different strategies for different clients. He also has a great deal of interest in social media and how businesses use it to market themselves. It's an emerging trend that he enjoys studying. Matt is always trying to learn more about the ever-changing search industry.

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