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The battle between the baby boomer generation and millennials is prominent in a new survey on paying bills amid the financial impacts of the coronavirus pandemic. Gen X, as usual, is stuck in the middle.
The gist: millennials, by a large majority, face steeper rent and mortgage issues than any other age cohort. The survey, conducted by market research firm YouGov and Naples-based electronic payment firm ACI Worldwide, found that nearly half of millennials need to make bill pay arrangements or request deferrals. That compares to 13% of baby boomers who face similar circumstances, and 32% of Generation X.
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