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Economy

“73% of millennials are living paycheck to paycheck, new report finds”

“…Nearly three-quarters, or 73%, of adults ages 27 to 42 are living paycheck to paycheck, LendingClub found… As of March, 66% of Gen Zers were living paycheck to paycheck — up from 58% a year ago, according to LendingClub…” https://www.cnbc.com/2023/04/28/73percent-of-millennials-are-living-paycheck-to-paycheck-new-report-finds.html

Economy

“Parents pay at least one monthly bill for 40 percent of millennials”

“In a new survey, two-fifths of millennials say their parents still pick up one or more of their monthly bills.  And the most common parental subsidy is the largest: housing. Twenty-four percent of millennials say Mom or Dad pay their… Continue Reading…

Economy, Investing, Personal Finance

“34% of Millennials say they’re behind on their retirement savings”

“However, a recent Goldman Sachs’ Retirement Survey & Insights Report found that 34% of Millennial respondents report feeling like they’re behind on their retirement savings. The findings are based on responses from 1,566 individuals who responded between July and August 2022. The… Continue Reading…

Personal Finance

“Student debt can make buying a home feel impossible…”

“Half of people who haven’t yet purchased a home point to their student debt as a reason for the delay. That’s the finding from a new report by the National Association of Realtors, which partnered with Morning Consult to conduct an online… Continue Reading…

Stocks

“Millennials Lose Their Shirts On These 3 Collapsing Stocks”

“Millennials are down 50% or more on three of their most popular 100 stocks, which they also were big holders of coming into the year. The big losers they’ve ridden down this year include industrial American Airlines (AAL), financial Wells Fargo (WFC) and energy Exxon… Continue Reading…