Ninety per cent of millennials in Kenya found managing their money more difficult since the start of the Covid-19 outbreak, according to Standard Chartered’s latest global survey. It looked at how COVID-19 has transformed consumers’ way of life, and what changes could be here to stay. Of those who have used new ways to manage their money since the start of COVID-19, most people globally have had a positive experience. But this embrace of new technology to help manage money amid the current economic turmoil may be why millennials are more confident than older generations that they can achieve their long-term financial goals. Meanwhile, across all generations, the pandemic has made people more careful with their saving and spending and less likely to splurge.

Source: The Star November 25, 2020 13:52 UTC