More Gen Zers are living paycheck to paycheck

The percentage of young Americans struggling to pay their bills has increased since 2022, Bloomberg reported April 28.

The publication examined a recent survey of nearly 3,400 consumers from LendingClub Corp. and

Nearly 66 percent of Generation Zers were living paycheck to paycheck in March, up 8 percentage points from the same period last year. About 40 percent of Gen Zers said their paycheck only covers basic bills, and 31.4 percent reported high nonessential spending — the highest figure of any generation polled. 

The amount of baby boomers who reported living paycheck to paycheck fell from 54.1 percent in March 2022 to 49.5 percent this March. 

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