Hefty debt and caring for loved ones are weighing on the nation's largest population group, according to a new poll.
About 7 in 10 millennials in the U.S. are living paycheck to paycheck, with many struggling to pay off their bills every month, a new survey shows.
The main reasons for millennials' financial distress is heavy debt and the financial pressure of having to look after dependent family members, according to theBy comparison, about half of baby boomers live paycheck to paycheck, compared to 64% of Gen Xers and 66% of Gen Z. Across all age groups, 60% of U.S. adults live paycheck to paycheck, down from 64% during this same period last year, Pymnts said.
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