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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

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.