Financial Struggles Plague Majority of Millennials

A new report by LendingClub found that 73% of millennials are living paycheck to paycheck, with many facing financial obstacles such as supporting both their aging parents and children. Meanwhile, 66% of Gen Zers are also living paycheck to paycheck, up from 58% a year ago, due to job loss and less earning potential. Experts recommend going back to a basic budget to avoid overspending and financial vulnerability. Overall, fewer Americans are living paycheck to paycheck, but some age groups are still struggling.