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 Pyments.com.
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.