70% of millennials are living paycheck to paycheck, more than any other generation | Crypto Craft

  • 70% of millennials are living paycheck to paycheck, more than any other generation

    From businessinsider.com

    Millennials' wallets are rather skimpy. Seventy percent of the generation said they're living paycheck to paycheck, according to a new 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 ... (full story)

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LloydOz
Jun 27, 2021 3:30am — Edited
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Paycheck to paycheck is not defined. "Living paycheck to paycheck reflects economic needs and wants just as much, if not more than, incomes or wealth levels" means what?

Struggling on $100,000 a year...spare me. I bet that if that were doubled they'd find a way to still spend it. I dunno, fill in the blanks.

Reminds me of this, spoken by a prominent Aussie pollie some years ago - -

EMPLOYMENT Minister Bill Shorten ruled out any immediate increase to the $13,000 a year Newstart allowance yesterday, despite declaring he finds it "hard to make ends meet" on his much larger salary of about $330,000.


https://www.dailytelegraph.com.au/ne...78efd09aeae098
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cryptocow
Jun 26, 2021 10:18pm
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Us millennials are entitled to many expensive things.
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kingleeny
Jun 27, 2021 7:10am
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ummm..yeah but they have all the fast money. like having school loans forgiven
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Aspire
Jun 28, 2021 5:36am
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Change that to 70% of young people and it's another truthful boring story of life, nothing special.
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DonFF
Jun 27, 2021 10:31pm
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Quoting kingleeny
ummm..yeah but they have all the fast money. like having school loans forgiven
Yup the loans need to be forgiven as the educational system is a scam!

If you take in aggregate the number of people entering Universities with the promise of work after they get a degree and the numbers being employed afterward in decent jobs that can afford them a house and car...you will see what I am saying.

The minimum standard must be a house and car after university...Just ask the peoples in modern strong European countries such as Germany!

1)Peoples effort must be rewarded
2)House and car Sales stimulate economies

Obviously, too much outsourcing and nickel and diming workers are taking place across the board in all countries!

Never mind the reality of people being pushed out of the workforce generally long before their useful work-life is expired as employers seek to pay for only obvious direct skills from younger much weaker and gullible new entrants to the workforce.

The world is in trouble...Trust me!

People are better off ignoring universities with their outdated curriculum and go straight to Google/Youtube and learn online skills that can make them a millionaire in no time if they put their heads to it!
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Trader#F4D9
Jun 27, 2021 8:49am
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Millennials: 70% with an iphone on payment plans
Also mellennials: not sure why im living paycheck to paycheck.
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