GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.

Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you’ve got the option to read more about oureditorial guidelinesand our products and servicesreview methodology.
For many Americans, living paycheck to paycheck is the norm a strain onfinancesthey are all too familiar with.
Even the largest living adult generation in the U.S., millennials, is not exempt from financial struggles.
For 14.3% of millennials, medical expenses are the leading culprit of their financial strain.
For 23.6% of millennials, splurging is the culprit behind their paycheck-to-paycheck lifestyle.
Millennials were more likely than other generations to cite this as their primary financial strain.
Insufficient Funds
The top culprit?
Not having enough money.
Nearly half 43.5% of millennials cite insufficient funds as the reason for living paycheck to paycheck.
This issue isnt unique to millennials.
More From GOBankingRates
Share This Article: