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A New Study Finds Many Of Us Struggle When It Comes To Emergency Savings Now

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© Aleksandar Hubenov | Dreamstime.com

McBride says, "But, in the study, it was particularly pronounced among millennials. They had about twice the likelihood of having decreased income. A lot of that can be due to the types of jobs that have been most impacted by the pandemic as well as tenure."

McBride says there is a silver lining to the study, "One in five households has actually added to their savings. This includes nearly half of those who have seen their income increase as a result of the coronavirus pandemic."