About 59% of young Americans say the pandemic has derailed their goal of becoming financially independent from family or other support, according to a new report by The Harris Poll on behalf of TD Ameritrade.
The coronavirus pandemic has created a new set of financial obstacles for young millennials and Gen Zers. Most are unsure how their generations can navigate through the worst global economic crisis since the 1930s.
The study, which was given exclusively to USA TODAY, surveyed 2,002 Americans ages 15 to 29. They were polled on Feb. 20 to March 4, before the World Health Organization declared a pandemic, and then again in April once the shutdown was underway.
About 1 in 4 still rely on their parents to cover their entire rent check. About 58% say their parents pay for all or a portion of their cell phones, and more than half pay for their insurance. Emily Parlapiano, 30, is one of those young Americans who used her stimulus check to get ahead on her retirement goals.
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