Share of adults who revisited their financial plan and made significant adjustments in response to the COVID-19 pandemic in the United States in 2020, by generation
Characteristic
Share of respondents
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Gen Z (n=274), Millennials (n=619), Gen X (n=511), and Boomers (n=581)
Method of interview
Online survey
Supplementary notes
This question was phrased by the source as follows: "How has the market volatility and economic downturn prompted by the COVID-19 pandemic impacted your approach to financial planning?"
Citation formats
Americans who adjusted their financial plans during COVID-19 2020
In 2020, ** percent of U.S. Millennials revisited their financial plans and made significant adjustments during the COVID-19 pandemic. Only ** percent of Baby Boomers decided to significantly change their financial plans at that time.
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Northwestern Mutual. (June 1, 2020). Share of adults who revisited their financial plan and made significant adjustments in response to the COVID-19 pandemic in the United States in 2020, by generation [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 25, 2026, from /statistics/1178179/financial-plan-adjustments-covid19-usa-generation/
Northwestern Mutual. "Share of adults who revisited their financial plan and made significant adjustments in response to the COVID-19 pandemic in the United States in 2020, by generation." Chart. June 1, 2020. ÌÇÐÄÆƽâ°æ. Accessed July 25, 2026. /statistics/1178179/financial-plan-adjustments-covid19-usa-generation/
Northwestern Mutual. (2020). Share of adults who revisited their financial plan and made significant adjustments in response to the COVID-19 pandemic in the United States in 2020, by generation. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 25, 2026. /statistics/1178179/financial-plan-adjustments-covid19-usa-generation/
Northwestern Mutual. "Share of Adults Who Revisited Their Financial Plan and Made Significant Adjustments in Response to The Covid-19 Pandemic in The United States in 2020, by Generation." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 1 Jun 2020, /statistics/1178179/financial-plan-adjustments-covid19-usa-generation/
Northwestern Mutual, Share of adults who revisited their financial plan and made significant adjustments in response to the COVID-19 pandemic in the United States in 2020, by generation ÌÇÐÄÆƽâ°æ, /statistics/1178179/financial-plan-adjustments-covid19-usa-generation/ (last visited July 25, 2026)
Share of adults who revisited their financial plan and made significant adjustments in response to the COVID-19 pandemic in the United States in 2020, by generation [Graph], Northwestern Mutual, June 1, 2020. [Online]. Available: /statistics/1178179/financial-plan-adjustments-covid19-usa-generation/
