Infotech “Generation Covid”: a quarter of young people say they have trouble paying their bills

“Generation Covid”: a quarter of young people say they have trouble paying their bills

Not easy, to have 20 in 2020 … A new Elabe survey conducted for the Cercle des Economistes sheds light on the financial difficulties encountered by 18-24 year olds since the start of the Covid-19 crisis. One in two young people say they have reduced their food expenses or skipped a meal in the past six months and a third of 18-24 year olds have given up or delayed health care in the past 12 months.

20 must have been the right age. And then there was the Covid crisis

Hit hard by the crisis, 18-24 year olds have lowered their daily spending. A quarter of them admit to encountering great difficulties in paying their bills at the end of the month.

Impeded professional projects

Each year, nearly 750,000 young people enter the job market, which was particularly weakened in 2020 due to health and economic crises. But, with the pandemic, professional and personal projects are hampered: thus, 6 in 10 young people say they had to modify (including 48% delayed) their personal projects, 4 out of 10 did the same for their professional projects.

“Consequences of the postponement of these projects, employment (48% including 23% first) and health (41% including 19% first) polarize their concerns, standing out clearly from all other themes,” says Elabe.

This study also reveals that young people rely primarily on themselves (52%) and on their family and those around them (50%). The crisis has led to the emergence of new essentials: health and family are much more important than before for 6 out of 10 young people. The vast majority of 18-30 year olds, according to another Ifop poll for La Tribune, estimates that they will pay decades for the debt incurred during the crisis and feel unfairly accused of being responsible for the resumption of the epidemic. In addition, 54% believe they have been sacrificed for the benefit of older people.

This Elabe poll was carried out as part of the event: “How to avoid a sacrificed generation? », Organized by the Circle of Economists.

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