Americans who adjusted their financial plans during COVID-19 2020

Published by Statista Research Department, May 31, 2022
In 2020, 28 percent of U.S. Millennials revisited their financial plans and made significant adjustments during the COVID-19 pandemic. Only 11 percent of Baby Boomers decided to significantly change their financial plans at that time.

Share of adults who revisited their financial plan and made significant adjustments in response to the COVID-19 pandemic in the United States in 2020, by generation

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Sources

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Release date

June 2020

Region

United States

Survey time period

April 29, 2020 to May 1, 2020

Number of respondents

2,077 respondents

Age group

18 years and older

Special properties

Gen Z (n=274), Millennials (n=619), Gen X (n=511), and Boomers (n=581)

Method of interview

Online survey

Supplementary notes

This question was phrased by the source as follows: "How has the market volatility and economic downturn prompted by the COVID-19 pandemic impacted your approach to financial planning?"

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Topics

Covid-19 and investment behavior worldwide Investment fundsFinancial marketsFinancial markets in the U.S.Coronavirus disease (COVID-19) pandemic
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