Millennials most affected by coronavirus: Study

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What impact is the coronavirus having on consumer purchase decisions and behavior?
The one segment the pandemic has affected the most is millennials, according to newly concluded research from retail predictive analytics company, First Insight.

“As the coronavirus continues to impact our economy, millennials are emerging as the most concerned generation,” said Greg Petro, CEO of Warrendale, PA-based First Insight, in a statement.

“While most consumers are worried about the virus’ overall impact, the behavior of millennials is changing more dramatically than any other generation they are cutting their spending, stocking up on groceries, using public transportation less and staying indoors,” he said.

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baby boomers  millennials  gen x  Luxury Retail  shopping patterns  shopping habits  Coronavirus  COVID-19  Consumer Purchase Behavior