And payday loan scams are thriving.
Overall, 59 percent of Americans live paycheck to paycheck, according to the survey of 1,000 U.S. adults by Charles Schwab.
However, the Millennial generation (people ages 23-38) was the most likely to struggle in between payday, at 62 percent, followed by Generation X (60 percent), Generation Z (55 percent) and Baby Boomers (53 percent).
The article makes it sound as if government is to blame.
The truth is simple. A huge number are paying off student loans or having massive debts in other areas. Instead of buying perfectly good items in places like the Salvation Army or Deseret Industries, they go to high-end stores to buy new.
How much of your paycheck is already taken up before you even receive it?
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