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Mint

21 Dec, 7 tweets, 6 min read

@KwatraNikita

Poorer respondents experienced a bigger drop in incomes during the pandemic, and are less hopeful about the future compared to their richer counterparts, the latest round of the Yougov-Mint-CPR Millennial Survey shows
@KwatraNikita
@TauseefShahidi

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@KwatraNikita

@KwatraNikita @TauseefShahidi Even when jobs remained intact, incomes plunged. But it was the older cohorts who suffered bigger losses. A significant number of pre-millennials (55%) reported a loss in their income, largely due to salary cuts or declines in business profits

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@KwatraNikita

While the economy has improved since then, the recovery has been uneven. 37% of respondents said that most people they knew had seen a recovery in incomes since the lockdown.

#MintPlainFacts by @KwatraNikita, @TauseefShahidi

Read here - livemint.com/industry/human…

A vast majority among the older cohorts remain overwhelmingly pessimistic about job prospects. Among millennial respondents, two-thirds said it was difficult to find a job these days. Among pre-millennials, three-fourths said the same.

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The urban poor faced the brunt of job losses during the pandemic and saw their incomes plunge the most. Those without a professional degree fared the worst. Among those who earn less than ₹20,000 a month, 11% of those without a professional university degree reported losing jobs

@KwatraNikita

#MintPlainFacts | A majority of respondents believe that their incomes will increase a year from now but those in lower income groups are less optimistic than the rest.

(report by @KwatraNikita, @TauseefShahidi)

livemint.com/industry/human…

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