New research from Nutmeg indicates millennials may emerge from the pandemic with higher savings and more financially confident.

The firm surveyed 2,000 people across the UK in early February, and found that of the 25 to 34-year-olds that hold investments, 60 percent have put more money in investments over the last year – versus 38 percent of the population.

Forty-three percent of this millennial cohort said they felt better off compared to a year ago, compared to 2...