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?
Young Americans Depleted Savings During COVID-19
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