Article preview: What will the financial implications of the coronavirus pandemic mean for homeownership plans? Before the crisis, we knew that millennials were struggling to get a place on the property ladder. High and rising property prices put the dream of homeownership out of reach for many in the younger generations, who were instead consigned to a lifetime of renting. Now, new research suggests that one in five millennials could miss out on the opportunity to become a homeowner, with savings stashed for this purpose instead used for day-to-day living expenses.
Why millennials are worried about their money
This 630-word blog post considers new research which found that 22% of 26 to 46-year-olds are falling back on deposit savings to make up for falling income during the coronavirus pandemic. Written on 9th April 2020.
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