Millennials reconsidering finances and future under COVID-19

A new survey found that 27 percent of millennials are saving more money due to the pandemic, but most can't stay within their budgets.

  • Millennials have been labeled the "unluckiest generation in U.S. history" after the one-two financial punch of the Great Recession and the pandemic shutdowns.
  • A recent survey found that about a third of millennials felt financially unprepared for the pandemic and have begun saving.
  • To achieve financial freedom, millennials will need to take control of their finances and reinterpret their relationship with the economy.
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    Finding joy in 2020? It’s not such an absurd idea, really

    Amid such suffering, people need some joy.

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    The year 2020 hasn't been one to remember – in fact, for a lot of people it has been an outright nightmare. The pandemic, along with political turmoil and social unrest, has brought anxiety, heartbreak, righteous anger and discord to many.

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    • A new study found that weekly 15-minute "awe walks" have positive effects on mental health.
    • Volunteers reported higher levels of gratitude and compassion after eight weeks of these short walks.
    • Researchers believe this low-cost intervention could help prevent cognitive decline in older adults.
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    Income is tied to happiness and hope for the future

    Money can't buy happiness, but try being hopeful and broke at the same time.

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    • A new study finds money alone doesn't make people happy—they need some hope for the future too.
    • The study adds to the increasing pile of literature on the subject of how hope influences our wellbeing.
    • The findings, particularly on when this effect doesn't work, may have implications for future policy decisions.
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    1 in 6 school children meet criteria for mental disorder diagnosis, according to CDC study

    Symptoms of mental illness in children are often dismissed as "going through a phase."

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    • A 2020 CDC study examined mental health symptoms in four different school districts within the United States from 2014-2018. This study found that, based on the reports from both teachers and parents, one in six students showed enough behavioral or emotional symptoms to be diagnosed with a childhood mental disorder.
    • Mental health conditions or illnesses in children are generally defined as delays or disruptions in developing age-appropriate thinking, behaviors, social skills, or emotional regulation.
    • Children can develop many of the same mental health conditions as adults, but their symptoms may be different.

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