In May, UBS surveyed over 3,750 investors across 15 countries, including the US, the UK, Germany, and Hong Kong. The respondents comprised three age groups: those between the ages of 25 and 30 with at least $250,000 in investable assets, 31 to 39-year-olds with at least $500,000 in investable assets, and those 40 or older with at least $1 million in investable assets.
In addition, nearly 3 in 4 millennials surveyed revealed that the pandemic has changed the way they think about money, compared to just over half of boomers. The result is that 71% percent of millennials now feel as if they have to work harder to make up for COVID-related financial losses, and 68% are worried they currently do not have enough money saved in case there is another pandemic — significantly more than the respective 34% and 38% of boomers who feel this way.
Sixty-nine percent of millennials say they're "highly interested" in sustainable investing because of the pandemic, while 60% said they now want to get involved in philanthropy.
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