As of October 2020, 23 percent of people surveyed in the European Union declared that they had used personal saving sooner than they had planned during the coronavirus (COVID-19) outbreak. When considering differences between age groups, the results of the survey showed different generations were disproportionately affected. In fact, 25 percent of respondents between 25 and 34 years of age said that they used their personal savings sooner than they had planned, while among individuals between 55 and 64 years of age the share fell to 18 percent.
Share of individuals using savings earlier than planned during the coronavirus (COVID-19) pandemic in the European Union 2020, by age group
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European Parliament. (November 18, 2020). Share of individuals using savings earlier than planned during the coronavirus (COVID-19) pandemic in the European Union 2020, by age group [Graph]. In Statista. Retrieved November 08, 2024, from https://www.statista.com/statistics/1223514/use-of-personal-savings-during-covid-19-europe-by-age-group/
European Parliament. "Share of individuals using savings earlier than planned during the coronavirus (COVID-19) pandemic in the European Union 2020, by age group." Chart. November 18, 2020. Statista. Accessed November 08, 2024. https://www.statista.com/statistics/1223514/use-of-personal-savings-during-covid-19-europe-by-age-group/
European Parliament. (2020). Share of individuals using savings earlier than planned during the coronavirus (COVID-19) pandemic in the European Union 2020, by age group. Statista. Statista Inc.. Accessed: November 08, 2024. https://www.statista.com/statistics/1223514/use-of-personal-savings-during-covid-19-europe-by-age-group/
European Parliament. "Share of Individuals Using Savings Earlier than Planned during The Coronavirus (Covid-19) Pandemic in The European Union 2020, by Age Group." Statista, Statista Inc., 18 Nov 2020, https://www.statista.com/statistics/1223514/use-of-personal-savings-during-covid-19-europe-by-age-group/
European Parliament, Share of individuals using savings earlier than planned during the coronavirus (COVID-19) pandemic in the European Union 2020, by age group Statista, https://www.statista.com/statistics/1223514/use-of-personal-savings-during-covid-19-europe-by-age-group/ (last visited November 08, 2024)
Share of individuals using savings earlier than planned during the coronavirus (COVID-19) pandemic in the European Union 2020, by age group [Graph], European Parliament, November 18, 2020. [Online]. Available: https://www.statista.com/statistics/1223514/use-of-personal-savings-during-covid-19-europe-by-age-group/
