That is rough. I wonder if it is mostly because of over spending and not budgeting well (no delayed gratification) or if they really just have such low income and high priced living conditions they can't afford it. Then again, these are probably (some) of the same people that should have roommates so they can save on bills but refuse to do so. Archive: https://archive.today/D7U1o From the post: >>Younger Americans don’t have enough saved to cover a single month of spending, showcasing their vulnerability should the economy head into a downturn. Members of the Gen Z generation — people born after 1995 — were spending twice the amount they had in savings on average in February, according to Bank of America Institute analysis of internal account and card data released Friday. The ratio has increased in the past two years, and is much higher than for other generations. In part that’s because Gen Z consumers, many of whom still hold entry-level positions and make less than their older peers, tend to spend a bigger share of their incomes on necessities including rent and utilities. But they’re also more likely to shell out on discretionary categories like travel and entertainment. Spending in non-essentials among that cohort is up more than 25% from a year ago — substantially above the overall rate.