More Americans Live Paycheck to Paycheck, Shrinking Retirement Savings

More Americans live paycheck to paycheck, shrinking retirement savings

With more Americans living paycheck to paycheck, a new report suggests retirement security may be slipping further out of reach.

More Gen X, Millennials, And Gen Z Living Paycheck To Paycheck

Source: Deagreez / Getty A new study from Goldman Sachs found that a growing number of Gen X, millennial, and Gen Z workers are living paycheck to paycheck.  According to CBS News, about 42% of workers across Gen X through Gen Z have no savings after covering their basic living expenses. This is a significant increase from 1997, when only 31% of workers reported living paycheck to paycheck. Goldman Sachs interviewed 3,600 workers and 1,5000 reti…

More Americans are living paycheck to paycheck, putting retirement out of reach, report finds

Roughly 42% of younger working adults — spanning Gen Z, millennials and Gen X — report having no money left over after covering their daily expenses.