The share of young people who struggle to cover everyday bills jumped from a year ago, while that of seniors living paycheck to paycheck leveled off, according to a report.
The report, conducted by LendingClub Corp. in partnership with industry publication Pymnts.com, surveyed nearly 3,400 U.S. consumers between March 8 and March 17.
The survey shows a widening generation gap in how Americans cope with inflation and higher living costs.
Almost two-thirds of adult Gen Zers — people age 26 and younger — were living paycheck to paycheck in March, an 8-percentage-point increase from a year earlier.
By contrast, the share of baby boomers with nothing left after paying their monthly bills dropped below 50%. Learn more.