Millennials and How they are reacting to the Coronavirus

What is coronavirus?

Coronaviruses (CoV) are a large group of viruses that make a person’s body sick. From the common cold to extreme diseases such as Middle East Respiratory Syndrome (MERS-CoV) and Severe Acute Respiratory Syndrome (SARS-CoV), a coronavirus infected body can experience any of them. Recently, a new breed of coronavirus bearing the name novel coronavirus (nCoV) is said to have been identified in a human’s body.

Investigations have revealed that transmission of Coronaviruses occur between animals and human beings. Coronaviruses which haven’t affected any human being yet is also said to have been found to be spreading in animals.

Symptoms of coronavirus

Shortness of breath, fever, respiratory problems, cough and difficulty in breathing are some of the symptoms seen in a person infected by coronavirus.

Dreadful condition of a corona virus infected body includes the body suffering from the severe acute respiratory syndrome, pneumonia, kidney failure, and even death.

Millennials and Coronavirus

According to sources, the ones that are reported to be affected the most are the “Boomers” or people who were born in the years 1946-1964. Well, it’s kind of a relief for the millennials but precautions are surely advised to be taken, despite their age group.

According to the latest World Health Organization reports, at least 91,700 global cases of Coronavirus and at least 3,100 global deaths have been identified.

In a recent study by iTrustCapital, it has been found out that millennials are most likely to invest in bitcoins and gold during the Corona pandemic.

According to a survey carried out by experts of the trading platform for cryptocurrencies and physical gold, gold was the asset of choice of the respondents in all age-groups. Out of this, according to a report by 2gether, 55 percent bitcoin users include people ranging from the age 25 to 45, which clearly shows the presence of millennials.

Also, a survey by eToro in revealed that 40 percent of millennials would invest in cryptocurrencies to make it serve as a barrier against recession.

Though the highest risk of death due to the outbreak of the coronavirus is seen in the Baby Boomers, yet millennials aren’t willing to take any risk that includes contingencies in terms of both health and  the economy.

Crucial times call for well planned strategies and an insight into the future and the millennials’ approaches seem to be quite good in this context.