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A new Harris Poll, commissioned by DailyPay, Funding Our Future, and the Center for Financial Security, illustrates how COVID-19 has impacted the finances and savings for millennials. And unfortunately, the news isn't good.
More than half (52%) of millennials say that their savings have declined since the beginning of the COVID-19 pandemic and only about a third (35%) of millennials feel like they are on the right track to meet their retirement goals. Nearly half (44%) say they have either no savings (17%) or not enough savings to cover a $400 emergency expense (27%).
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