Monday, October 7

Survey reveals that 42% of the Millennial population lives in stress due to the debacle in their finances


Only a small percentage of millennials agree to have savings, equivalent to three months, of their income to face the effects of the pandemic

Encuesta revela que el 42% de la población Millennial vive en estrés por el debacle en sus finanzas
The adverse economic phenomenon that this population niche is experiencing is extremely complicated throughout the world.

Photo: Shutterstock

Luis Diaz

Those born between 1983 Y 1994 are the population niche with a serious stress problem related to their low ability to have finances healthy personalities that allows them to have an acceptable quality of life, but in particular, quiet.

All of the above is exposed in the most recent global survey of millennials prepared by Deloitte corresponding to 2020, in this it was found that the population that has between 27 Y 38 years has severe problems with debts and savings .

Originally, this survey had to be published last year, but the pandemic caused will be delayed. According to Deloitte the data shown in its delivery was made in 2017. The company detailed that they were taken into account 19 countries.

This is how US citizens, Japanese, Italians, Brazilians, Germans, Indians, Canadians, British, Spanish, Australian, among other nationalities.

Deloitte detailed that the survey was updated where also , that is, those born of 1995 to 2003, being a young population niche, but which is also part of the global productive force.

This update was given in May of 2020, in the context of the Covid – 19, so the company showed the economic impact it had on both generations es.

The study revealed that almost the 27% of Gen Z and a quarter of millennials between 25 the 30 years declared having lost their jobs or having taken license not involuntarily renumbered in the context of the pandemic.

Early May of 2020, one in five millennials globally had lost their job. The 38% of Generation Z responded in the survey that the pandemic had not affected their employment situation or income.

On the other hand, about half of Gen Z, 54%, Y 44% of millennials surveyed in the original survey said they were stressed all the time or mostly for financial reasons .

In contrast, the survey conducted before the pandemic revealed that almost half of Gen Z and more than four of each 10 Millennials surveyed reported feeling stressed all or most of the time for financial reasons.

The study indicated that despite job adversity for many of they, many others had savings equivalent Before three months of income, which allowed them to pay their bills on time and have a margin to get a job and not have debts like many millennials, who lack savings and do not have economic respite.

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