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posted by martyb on Wednesday September 29 2021, @05:50AM   Printer-friendly
from the what's-in-your-wallet? dept.

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.


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  • (Score: -1, Spam) by Anonymous Coward on Wednesday September 29 2021, @09:53PM

    by Anonymous Coward on Wednesday September 29 2021, @09:53PM (#1182937)

    APK doesn't have a job and he's not making useful contributions to society. - by Anonymous Coward on Wednesday September 29, @04:37PM (#1182807)

    Chump I've done this on the SIDE of working in computers - PROVE YOU HAVE DONE BETTER:

    Windows NT Magazine April 1997 "BACK OFFICE PERFORMANCE" pg 61

    (For SuperSpeed.com PAID CONTRACT (wrote SuperCache 40% performance boost) & SuperDisk finalist @ MS Tech Ed 2x in a row 2000-2002 HARDEST CATEGORY: SQLServer Performance Enhancement)

    WINDOWS MAGAZINE 1997 "Top Freeware & Shareware of the Year" issue pg 210 #1 entry

    PC-WELT FEB 1998 pg 84

    WINDOWS MAGAZINE, WINTER 1998 pg 92 MUST HAVE WARE

    PC-WELT FEB 1999 - pg 83

    CHIP Magazine 7/99 - pg 100

    GERMAN PC BOOK Data Becker "PC Aufrusten und Repairen" 2000

    HOT SHAREWARE #46 issue pg. 54 2001

    Paid for article @ PCPitstop in 2008 http://pcpitstop.com/news/winners.asp [pcpitstop.com]

    UltraDefrag64 Process Priority Control credited by lead devs of it in the programs credits section.

    APK Hosts File Engine 10++ 32/64-bit is hosted & RECOMMENDED by Malwarebytes' hpHosts http://hosts-file.net/?s=Download [hosts-file.net]

    * Each of which did well, even got me PAID w/ royalties for YEARS when my work was bought up by COMMERCIAL INTERESTS (by a certified MS partner) no less - have you?

    APK

    P.S.=> See my subject & PROVE you've done MORE, BETTER & EARLIER than I have you shitbag LIBELOUS lying little CUNT - you'll "Run, Forrest: RUN!!!" like the FAILURE crybaby you are... apk

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