COVID-19 Impacting Consumer Finances Similarly Around the World with Millennials Facing the Greatest Challenge; In Canada, Gen Z Reporting Even Greater Hardship
TransUnion (TRU)
Last transunion earnings: 4/28 06:50 am
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Source: GlobeNewswire
TORONTO, April 30, 2020 (GLOBE NEWSWIRE) -- The COVID-19 pandemic is causing similar financial hardship for consumers around the world, but new research indicates that Millennials (ages 26-40) are being challenged the most. A just-released TransUnion (NYSE: TRU) global report including seven regions on five continents found that three in four Millennials (76%) indicated their household incomes have been negatively impacted by the pandemic. This compares to 64% for all other generations globally. In Canada, Millennials also face great challenges with 70% saying their household incomes have been negatively impacted, compared to 55% for other generations. While Millennials are still among the largest groups impacted by COVID-19, Canadian Gen Z (ages 18-25) consumers face even greater challenges with 75% who report being impacted. In the weeks since the World Health Organization (WHO) declared the coronavirus (COVID-19) a pandemic on March 11, TransUnion has polled thousands of consu
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