“Two Days After Payday and I’m Broke Again…”

Channel B

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00:0048 hours after getting paid, the average person has already spent nearly half of their paycheck.

00:06Half?

00:07After 48 hours.

00:10So two days, right?

00:11Millennials are the fastest spenders going through an average of 40% of their paycheck

00:14within the first few hours.

00:18That sounds about right.

00:19I feel like once you pay bills, more than half of that thing's gone anyway.

00:22Okay, three-fourths.

00:24That's true.

00:25Seriously.

00:25Not like people are going on huge shopping sprees, the article says.

00:28Most of that early spending goes towards essentials.

00:31Bills, food, gas, things like that.

00:35More than half buy groceries and necessities as soon as they get paid.

00:39Along with bills due next week, housing costs, credit cards, and all that stuff.

00:4538% of millennials plan on spending in advance.

00:50In other words, they already know where their money's going before it hits.

00:53Of course.

00:55What?

00:56What?

00:56I'm already trying to make something shake for Christmas, okay?

01:00Like, that's how far ahead I'm thinking, and I am a millennial.

01:03Do you guys have auto draft set for, like, bills and stuff?

01:07Yeah.

01:08You do too?

01:09Mm-hmm.

01:09See, I don't like that because I don't like them just pulling when they want.

01:12Uh-uh.

01:13Come get it because I'm not liable to give it to you.

01:15Right.

01:15Okay.

01:16If you don't get it when you can get it, you might not get it.

01:18Okay.

01:19So come get it because I might not give it to you.

01:21Okay.

01:22Okay.

01:23Okay.

01:23So come get it.

01:24Okay.

01:24So come get it.

01:24Okay.

01:25All right.

01:25Okay.

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