73% of millennials are living paycheck to paycheck, new report finds
Publishing timestamp: 2023-04-28 07:30:01
Summary
A recent report shows that 60% of Americans are living paycheck to paycheck, but this number has decreased from the previous month. However, millennials are still struggling financially, with 73% of adults aged 27 to 42 living paycheck to paycheck. Many in this age group are part of the "sandwich generation," financially supporting both their aging parents and their children. Meanwhile, Generation Z is also showing signs of financial strain, with 66% living paycheck to paycheck. Experts recommend going back to basic budgeting to avoid overspending.
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Keywords: millennials, inflation, cfp, m.d., personal finance, personal saving, business news, u.s. economy, generation z, lendingclub corp, personal loans, investment strategy, carolyn mcclanahan,