A new survey found the majority of Americans live paycheck to paycheck, and the problem is worse for millennials, with nearly three-quarters, or 73 percent, living paycheck to paycheck.
Personal finance site PYMNTS and LendingClub, an online lender, released an April report, titled “New Reality Check: The Paycheck-to-Paycheck Report,” to learn how the rising cost of living is impacting consumers’ financial lifestyles.
The report is based on a census-balanced survey of 3,363 U.S. consumers conducted from March 8 to 17 and an analysis of other economic data.
The survey found 60 percent of consumers across all age groups were living paycheck to paycheck, down from 64 percent during the same period last year….