Mental Health Declines during COVID-19, Survey Says
Edward Jones and Age Wave’s recent survey says Gen Z and millennials have suffered the biggest mental health declines since the COVID-19 pandemic began. Nela Richardson, Principal and Investment Strategist with Edward Jones tells us the reasons behind this decline in mental health.
Video Transcript
NELA RICHARDSON: Hello, everyone. I'm Nela Richardson, principal and investment strategist with Edward Jones, bringing you a "Minute Market Update." It goes without saying that COVID-19 pandemic has had a major effect on our overall health, whether it's fear of the virus, concerns of being isolated, or for many, the uncertainty of being unemployed in a labor market that's been changed drastically. The mental toll of the pandemic has been profound. When it comes to mental health, younger generations have actually had a tougher time.
In a recent study by Edward Jones and Age Wave, roughly a third of Gen Z and millennials said they had suffered mental health declines since the pandemic began, while only 15% of baby boomers and 8% of the silent generation respondents said the same. At the same time, it has also brought these generations closer together. While almost half of adults with living parents said that the pandemic has caused them to worry about their parents more, they've also said they're talking with them more often. For more information on the study, visit edwardjones.com/newretirement.
