More than 80% of Colombians manifest economic problems, says survey

In its most recent survey, Transunion revealed that 83% of the adults consulted saw financial affectations due to the economic emergency caused by Covid-19.

It should be said that, in the age ranges applied by the firm, 80% corresponding to people between 18 and 25 years of age manifested affectations in any of their forms of income.

For its part, the segment of millennials (people between 26 and 40 years old) reported finances with negative performance.

88% of the so-called generation X (between the ages of 41 and 55) claimed to have serious financial difficulties.

“Millennials are the first generation to be fully immersed in the digitization of the market and know how to access the credit system. While ‘Generation Z’ may say the same thing, the big difference is that many millennials are more established in their careers and begin to approach the period of highest income in their lives, “said Virginia Olivella, director of research and consulting at TransUnion Colombia.

But, what are the reasons that explain these returns? 33% point to the reduction in hours of work traditionally reported as the main explanation

Then comes the loss of part-time jobs, with 32%; and the obligation to close their small businesses due to isolation measures, with 23%.