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Study: 60% of millennials making 6 figures feel they live paycheck to paycheck



ABC News’ Alex Presha speaks with millennials making six figures, but who say it doesn’t go as far as expected due to soaring student debt and high living costs.

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#millennials #studentdebt #livingcosts

Original source (ABC/Youtube)

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34 comments

  1. Make sacrifices it’s part of being an adult

  2. Everybody wanna live like a rapper that made it lol

  3. I understand exactly what they're saying because I'm going through the same thing…

  4. Well Dave Ramsey will be having a field day with this piece.

  5. How about becoming a HESSIAN(High Earner Start Saving Immediately And Now)?

  6. Crying tattoo tears because she had to convince herself to buy a Gucci belt? 🙄

  7. Jennifer gets it right (she saves up for her high end purchases) but having a baby is going to suck up most of her income if there isn't another partner helping with the high cost of childcare/Healthcare

  8. Omg, avocado is like $3 each guys!

  9. Live below your means!

  10. Where are they living and what are they spending their money on…

  11. If you decide to live a lifestyle that costa more money–AND you make the money to do so–how can you complain of living check to check? They don't have live in a home where rent is outrageous. If student loans are too expensive for the month, then ask for a reduction in monthly bills. And I cannot believe they brought up credit cards. You mean to tell me they have extra padding for the month if they choose to use their credit cards (which probably have larger limits on them than the average person's cards)? Some of us don't use credit and make it through the month because we're frugal. I can't with this crap.

  12. What Americans don't know how to manage their finances … Fucking say it ain't so 😂

  13. Good to know as long as my spending increases with my income, I'll always be in the same struggle 🤪🤦‍♀️

  14. Inflation comes from taxing the rich.

  15. Downsize your cost of living and spending. You're not victims. 🤔

  16. More like 60% of people are just dumb and bad with money 🤷‍♂️ 😂 🤦‍♂️

  17. Okay, people just need to live within their means. I make 30k a year and I dont live paycheck to paycheck. Infact if I made 50 a year I'd feel like I was making a fortune

  18. Weird thought melinials were struggling to find work with their gender studies degree.

  19. That's what happens when you try to live like The Jones. They don't know the difference between luxury and excess. What they don't realize is that social media creates false and unrealistic lifestyles.

  20. If I made 6 figures, I would not be living paycheck to paycheck. These people are just bad with their money.

  21. Living is not expensive if you are sensible and frugal with day to day expenses. No designer labels (why should I pay a corporation to give them free advertising). Eat meals out 1 or 2 times a month instead of every day. Vacations don't need to be at resorts. Camping and hiking are just fine and you can bring all the gourmet goodies you want with you. Financing cars you don't need. If you cut these things out, money is no longer an issue. Better yet, all that money spent on stuff can be invested into a business or real estate, and then that money generated from those investmemts can be spent on treats and goodies. The moral of the story: money from a job or salary should be saved and invested, money made from investments is the money that can be spent.

  22. @Stop talking about Trump he is a representative from the Kingdom Of The Most High. Talk about the homosexual agenda. The USA is supposed to be 1 Nation under Hashem/10,5,6,5. (YHWH).

    The US loves to meddle in others business when our own HOUSE is corrupt.

    Sweep around your own front door before trying to sweep around others.

    What does demos mean in Latin?

    From Latin daemon (“demon”), from Ancient Greek δαίμων (daímōn, “god, goddess, divine power”)….

  23. @Stop talking about Trump he is a representative from the Kingdom Of The Most High. Talk about the homosexual agenda. The USA is supposed to be 1 Nation under Hashem/10,5,6,5. (YHWH).

    The US loves to meddle in others business when our own HOUSE is corrupt.

    Sweep around your own front door before trying to sweep around others.

    What does demos mean in Latin?

    From Latin daemon (“demon”), from Ancient Greek δαίμων (daímōn, “god, goddess, divine power”)….

  24. @Stop talking about Trump he is a representative from the Kingdom Of The Most High. Talk about the homosexual agenda. The USA is supposed to be 1 Nation under Hashem/10,5,6,5. (YHWH).

    The US loves to meddle in others business when our own HOUSE is corrupt.

    Sweep around your own front door before trying to sweep around others.

    What does demos mean in Latin?

    From Latin daemon (“demon”), from Ancient Greek δαίμων (daímōn, “god, goddess, divine power”)..

  25. Really ABC? This story is really about student debt and inflation, not the struggles of high income earners… 🥴

  26. I live on $28 grand a year, and I don't feel like I live paycheck to paycheck. Yes, extra money would be nice, but I'm doing good, and not struggling like these people are. Also, have a 4 year degree and zero student loans on my income as well.

  27. You want to be rich? Live like you're poor. Amazes me that people smart enough to make that kind of money are so stupid.

  28. We should start a gofundme for these Henry’s so they can finally get that Ferrari or Maserati we know they should be driving

  29. This is not unique to millennials. I'm a boomer and saw these same stories 40 years ago about boomers. It's human nature to spend money they don't have. If you're making more than $100k/yr it isn't your student debit screwing you. Paying $10k/yr is no problem for someone making $100k. People want cars and homes they can't afford to increase status.

  30. They need a month on Ayahuasca to ease their finances

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