A Half Of Millennials Live Paycheck To Paycheck, Most Don’t Think They Will Ever Be Millionaires
In a stark refutation of Obama’s “recovery” narrative, most millennials don’t see a bright future for their personal finances.
Take the case of Shaun Luberski, a 21-year-old recent graduate of Temple University, who is skeptical she will be able to save $1 million by the time she retires. Ms. Luberski landed a full-time job as an account coordinator at Philadelphia magazine and works various side jobs in marketing and promotions.
A big problem plaguing Shaun and millions of her peers: student loans. She lives at home rent-free with her parents in Levittown, Pa. But with roughly $30,000 in student loans to pay back, she isn’t sure she will ever be a millionaire.
This post was published at Zero Hedge on Aug 3, 2016.