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Report claims millennials living paycheck-to-paycheck

Most respondents living paycheck to paycheck say they can only cover basic bills, have significant debts, and pay expenses for other family members.
Half of Americans spend their entire paycheck
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(KERO) — A new report says most millennials are living paycheck to paycheck.

According to the financial institution "The Lending Club," more than 73 percent of millennials rely on their paycheck to cover their expenses. That percentage is higher than any other generation.

Most respondents living paycheck to paycheck say they can only cover basic bills, have significant debts, and pay expenses for other family members.