Skip to content

Savings & Retirement

Nearly Half of Millennials Live Paycheck to Paycheck

That’s higher than a year earlier, according to a new survey, suggesting some felt the financial pain of moving out of their parents’ homes.

RF home office stress millennial wfh male — Source: Westend61/Getty Images

By

Suzanne Woolley and

Katherine Doherty

March 25, 2022, 1:59 PM UTC

Nearly half of millennials say they’re living paycheck to paycheck, up 6 percentage points from a year earlier, a new survey found.

And with so little cash to spare, more millennial workers — those between the ages of 25 and 40 — feel they can’t handle an unexpected financial expense. Only 28% said they were prepared for the unexpected, down 4 percentage points from the prior year.