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Ben Franklin on U.S. currency wearing a mask (Photo: Shutterstock)

The emergence of the Omicron variant of the coronavirus is causing people in at least one generation to rethink their financial strategies. Nearly half of Gen Z respondents to a MassMutual survey indicated they plan to start an emergency fund. More than half hope to put more money into savings and about 45 percent plan to spend less.

Economic factors related to the pandemic are also taking a toll. Respondents were evenly split about whether inflation or the Omicron coronavirus variant would have the greatest impact on their financial situations.

 

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