Opinion: How millennials can take charge of their post-COVID financial future

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Since the start of the COVID-19 pandemic, more Americans have realized the importance of a financial plan. But developing and sticking to a financial plan can seem overwhelming, particularly in the face of a major economic event that creates financial concerns.    Millennials — born between 1981 and 1996 — have been acutely affected. This segment of the population became the largest generation in the full-time U.S. workforce at the beginning of 2019, according to the  U.S. Labor Force Statistics Current Population Survey. They have struggled during the pandemic — experiencing job losses and reduced wages. These financial shocks have led many millennials to make tough financial decisions. A recent study in Financial Planning Review, the CFP Board Center for Financial Planning’s peer-reviewed academic journal, found that millennials between the ages of 30-39 were most likely to take a hardship withdrawal or a loan from thei
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