Press Release

For immediate release

Surge in young investors due to coronavirus market crash and new apps

  • Generation Z and millennials are 66% more likely than baby boomers to invest in the next 12 months
  • Two-thirds of Brits are planning to invest in the future
  • Poor interest rates on savings continues to be the top reason for investing

21 May 2020, LONDON –

Younger generations are embracing the risks of investing following the initial coronavirus market crash, new research from the personal finance comparison site,, has found.

Over a quarter of generation Z and millennials (28% and 26%) say the market crash has made them more likely to invest over the next 12 months. This is almost 3 times higher than the silent generation (10%) and significantly higher than baby boomers (16%).

They are also the generations most interested in investing more broadly. Three-quarters of both generation Z and millennials plan to invest at some point (75% and 74%), while only 4 in 10 (41%) of the silent generation will do so.

One of the reasons behind this is their adoption of dedicated investing apps. Over 4 in 10 millennial investors (44%) said the accessibility of trading apps was a reason behind their interest, and a third (32%) appreciated the low cost of investing this way.

In contrast, baby boomers were much less likely to cite both the accessibility of trading apps (18%) and the low fees they offer (13%).

Young investors are also twice as likely to invest in firms that are struggling, due to the cheaper share price. A third of generation Z (34%) plan to do this compared to 17% of generation X and 16% of baby boomers.

Across all ages, investor sentiment appears to be split on whether the coronavirus, and subsequent market crash, offers a good opportunity to invest or not. While 1 in 5 (20%) potential investors say it has made them more likely to invest over the next 12 months, the same amount (20%) say they are less likely to invest as a result.

What are the UK’s investing plans?

The UK is experiencing a surge in share-trading interest, with two-thirds of the population (67%) planning to buy stocks and shares in the future. This is a 32% increase since 2018.

The most popular reason for people looking to invest is the poor interest rates that savings accounts currently offer. Over half (55%) of those interested in share trading have been motivated by this, and it was also the top reason in 2018.

Positively, over a quarter (27%) of potential investors want to do so ethically, and support firms that have a beneficial impact on society.

While more men are planning to invest than women (73% vs 61%), the percentage of women looking to invest has grown by 41% over the past 2 years.

The full paper, Investing in a coronavirus world: A brave new dawn?, includes expert comment from industry leaders and can be viewed and linked to here.

Commenting on the findings, Charlie Barton, banking and investment specialist at personal finance comparison site, said:

“Young people are turning to investing because the traditional places to put their money aren’t serving them well enough. Interest rates in savings accounts are low, so it is logical that people will look elsewhere to grow their longer-term wealth.

“Younger generations also seem to have a bigger appetite for risk, primarily because they have an asset no one else has – time. They have their whole lives to ride out market turbulence, so are more inclined to view the current market lows as an opportunity, despite the real possibility of their investments losing value.

“Investing apps fit perfectly into this climate. By welcoming young investors with slick UX and low charges, I’d expect the trend of young people investing to continue upwards. Those that also educate new investors will be building loyalty for the long term.”


Finder commissioned Onepoll on 13-15 May to carry out a nationally representative survey of adults aged 18+. A total of 2,000 people were questioned throughout Great Britain, with representative quotas for gender, age and region.


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The information in this release is accurate as of the date published, but rates, fees and other product features may have changed. Please see updated product information on's review pages for the current correct values.

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Best of all, is completely free to use. We’re not a bank or insurer, nor are we owned by one, and we are not a product issuer or a credit provider. We’re not affiliated with any one institution or outlet, so it’s genuine advice from a team of experts who care about helping you find better. launched in the UK in February 2017 and is privately owned and self-funded by two Australian entrepreneurs – Fred Schebesta and Frank Restuccia – who successfully grew to be Australia's most visited personal finance website (Source: Experian Hitwise).

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