The doomer media loves to run the same story year after year: Over half of Gen Z and millennials are living paycheck to paycheck — and college is one of the first things they’re cutting from their budgets (msn.com)
Actual Deloitte Study:
Roughly six in 10 Gen Zs (56%) and millennials (55%) live paycheck-to-paycheck—up five points for Gen Zs and three points for millennials since last year. And around three in 10 say they do not feel financially secure.
56% and 55% are better than it has been for most of the last 20 years! But leave it to the morons at Business Insider to imply this worse!
How does this compare to the past?
- 2022: 61% or 54% (varies depending on who is counting and how). Update or 63%. It’s a random percentage.
- 2020: 63%
- 2020 April: 63%
- 2019: 59% or 78% yet 76% rated “economic conditions in the US … as very or somewhat good”
- 2018: 70+% or 55%
- 2017: 61% or 78%
- 2015: 62%
- 2014: 44% (???)
- 2013: 76%
- 2012: 68%
- 2010: 77%
- 2005: 28% (???)
- Economy: 60% living paycheck to paycheck – Coldstreams
- Economy, Media: Time for the monthly “living paycheck to paycheck” stories – Coldstreams
- Economy: “Living paycheck to paycheck” has not changed much – Coldstreams
