60% of Millennials Earning Over $100,000 Live Paycheck to Paycheck

  • In a new survey, 60% of millennials earning over $100,000 said they live paycheck to paycheck.
  • Some of these millennials — known as HENRYs — prefer a comfortable, expensive lifestyle.
  • In today’s economy, $100,000 is considered middle class in the US.

High-earning millennials feel broke.

Sixty percent of millennials raking in over $100,000 a year said they’re living paycheck to paycheck, found a new survey by PYMNTS and LendingClub, which analyzed economic data and census-balanced surveys of over 28,000 Americans.

It found that about 54% of Americans live paycheck to paycheck. And nearly 40% of high earners — those making more than $100,000 annually — said they live that way.

We are primarily funded by readers. Please subscribe and donate to support us!

That means high-earning millennials aren’t the only ones feeling stretched thin, but they feel that way more than their six-figure-making peers. Living on constrained budgets may therefore have less to do with income and more to do with expenses, the report said.




Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.