More Millennials Living Paycheck to Paycheck Despite Good Credit
- 62% of Americans living paycheck to paycheck own 60% of credit card debt
- Paycheck-to-paycheck cardholders over 2x as likely to carry balance month-to-month
- 40% living paycheck to paycheck have credit scores 720+
- Median age of those seeking debt resolution dropped from 52 (2020) to 44 (2023)
- 39% enrolling in debt resolution programs are Millennials, up from 25% in 2020
