Most Millennials Are Living Paycheck To Paycheck


(New York, NY) -- Nearly two out of three millennials are living paycheck to paycheck. 

That's according to a new survey from Charles Schwab. The survey found that only 38 percent of people ages 23 to 38 feel financially stable. Millennials also reported spending an average of 478-dollars each month on nonessential stuff -- dining out, entertainment and vacations. That's less than Gen Xers but more than baby boomers. 

Forty percent of millennials also have credit card debt. The problem is compounded by rising housing costs and stagnant wages

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