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70% of Millennials Are Living Paycheck to Paycheck: Survey:
Millennials' wallets are rather skimpy.
Seventy percent of the generation said they're living paycheck to paycheck, according to a survey by PYMNTS and LendingClub, which analyzed economic data and census-balanced surveys of over 28,000 Americans. It found that about 54% of Americans live paycheck to paycheck, but millennials had the biggest broke energy.
By contrast, 40% of baby boomers and seniors said they live paycheck to paycheck, the least of any generation. Living paycheck to paycheck reflects economic needs and wants just as much, if not more than, incomes or wealth levels, according to the report. Age and family status also factor in greatly. This explains why millennials, who turn ages 25 to 40 this year, are struggling.
[...] It doesn't help that millennials have faced one economic challenge after another since the oldest of them graduated into the dismal job market of the 2008 financial crisis. A dozen years later, many are still grappling with the lingering effects of The Great Recession, struggling to build wealth while trying to afford soaring costs for things like housing and healthcare and shouldering the lion's share of America's student-loan debt.
The pandemic threw yet another wrench into their plans by giving them their second recession and second housing crisis before the age of 40. The report acknowledges that the pandemic played a major role in that stretched thin feeling.
[...] It seems, then, that it's a combination of external economic circumstances, a precarious life stage, and some spending habits that are leaving millennials feeling strapped for cash.
(Score: -1, Spam) by Anonymous Coward on Wednesday September 29 2021, @09:50PM (1 child)
I'm retired & close to 60 yrs. of age is why & I worked for decades as a Software Engineer/Programmer Analyst (in the Fortune 500 @ times) & before that as a Network Admin & field tech before it while in school so quit TRYING to "put me down" w/ LIES loser - you shot your shitbag LIAR mouth off LIBELING me only to have me BLOW YOU AWAY for it, not that a SLINKING CREEP like YOU cares since you HIDE BEHIND AC POSTS & don't ID yourself - believe me, IF I met you in person, I swear to CHRIST I'd BUST YOUR TEETH OUT for your bs bitch!
I did not get it as a "gift" or FREE, I did pay for it (you'll NEVER KNOW how much, lol but it was a good deal + I knew the place for decades & worked on it, solid shape) & have spent what it was initially worth (maybe 50k) easily on it since I got it & that's in HOME IMPROVEMENTS (nevermind F'ing NY property taxes, some of the highest in the nation, outrageous by comparison to other places (like 4x more)).
Chump, I earned it & have IMPROVED IT - so DO YOU OWN YOUR OWN HOME bitch?
I asked you that repeatedly in the link in my p.s. below and YOU RAN - you are a worthless little JEALOUS creep imo & I am SURE that of others who replied to you judging that after reading them, lol
WTF? Are you NUTS?? Read my 1st response above to you: I made a LOT OF MONEY in a near 24++ yr. career in computing professionally in the capacties & titles I wrote above you F'ing LIAR piece of jealous shit & I earned the 2 degrees I have (MIS & CS) before that PAYING OUT THE NOSE for both (to the tune of what would be whatever 18k U.S. Dollars is today since that was my student loan debt (my guess in today's money? Around 50-125k??).
Actually I'm a VERY HAPPY GUY - bills are paid, I have what I need in "toys" & properties - too bad YOU AREN'T, clearly, based on your "MILLENIAL CRYING", lol - life's NOT FAIR cunt: Get used to it & prepare in your youth via skills &/or EDUCATION of somekind that's called for in today's world vs. CRYING like you!
Mooch? I've only received $400 from a death of my grandmother in 1995 or so & THAT is all period (my family is poor to middleclass overseas immigrants that migrated here in the 50's - 60's NOT RICH FOLKS, but earned their monies by working for others over decades) - that's NOT a lot of money, liar.
I can be honest here - you can't - not even with yourself.
APK
P.S.=> NOW for the FUNNIEST PART: The dimwit above also tried to "shame me" & FUCKED UP BIG here https://soylentnews.org/comments.pl?noupdate=1&sid=45162&page=1&cid=1182494#commentwrap [soylentnews.org] with bs? Actually MADE ME another $50 on a tax break I never got a check for - I dealt w/ it in Dec 2021 w/ my city's tax bureau, had it taken care of (for $57) & lien removed BUT THE COUNTY WEBSITE is "stale data" (for F'ing 11 months now? Please - they are NOT linking up their sites to the mainframe, which IS DOABLE via middlewares for it, I spent a career largely doing that to IBM midranges like OS/400 on AS400) & will be corrected in 7-10 days from now BUT again, they found an ERROR on THEIR END & I was credited w/ a $50 CHECK being sent to me no less SO THANKS TROLL - you ACTUALLY DID ME A FAVOR stupid (in trying to "shame me" you got me to look & voila, you GOT ME PAID, lol - I love it)... apk
(Score: 0) by Anonymous Coward on Thursday September 30 2021, @06:08PM
See my subject line above & what I stated on stale data the troll scumbag I am trashing above in the p.s. in the post I am replying to & THIS https://soylentnews.org/comments.pl?noupdate=1&sid=45162&page=1&cid=1183139#commentwrap [soylentnews.org] clearing MY GOOD NAME as a GOOD USA CITIZEN doing my "civic duty" paying my taxes vs. that IMBECILE you "upmodded" here LYING and using STALE DATA lol (he did so by sockpuppets obviously for his "upmod", & your admins here KNOW YOU SWINE DO IT via sockpuppet accounts galore around here too as I've noted in my other posts as proof of that also) is in the crapper after that link!
Corrected in less than 1 day's time in MY FAVOR on multiple fronts! No way could I have done that in 1 day IF I had to pay - too much time in bank transfers & verifying on THEIR END as to my already having paid up or not (I did in Dec 2020), I already did & this is the proof!
* LMAO - NOT ONLY DID THAT MORON FAIL BADLY but additionally HE GOT ME PAID ANOTHER $50 for errors the county made in my favor in credits not being applied to me as well as correcting their stale data that made me look bad (& that the jealous little troll who is "attacking me" only to fall FLAT ON HIS FACE with now, as well my county now also getting a BETTER ARCHITECTURE FROM "yours truly" on HOW to keep their data up to date also from me...)
APK
P.S.=> Double BONUS & yes "The Lord works in MYSTERIOUS ways" in my favor vs. the scumbags around here (especially the jealous little "ne'er-do-well" others here are even telling to STFU since he projects he is a worthless failure and JEALOUS AS HELL of anyone that's successful in life)... apk