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Share of adults who decided to start working with a financial advisor since the COVID-19 pandemic in the United States in 2020, by generation

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Sources

Release date

June 2020

Region

United States

Survey time period

April 29, 2020 to May 1, 2020

Number of respondents

2,077 respondents

Age group

18 years and older

Special properties

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 decided to start working with a financial advisor since COVID-19 2020

Published by ÌÇÐÄÆƽâ°æ Research Department, Oct 19, 2020
Since the beginning of the COVID-19 pandemic, ** percent of Gen Z and Millennials in the United States who didn't have a financial advisor before decided to start working with one. Only *** percent of Baby boomers made a decision to work with financial advisor from now on.
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