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Study: Millennials struggling with high debt, no savings

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A new study by PricewaterhouseCoopers and George Washington University finds one group of people are engaging in very risky behavior with their money.

Americans born between 1982 and the late 1990s are considered Millennials, and experts say they are financial disasters.

A survey of 5,500 Millennials found that 30 percent had overdrawn their checking accounts.

Also, 42 percent used services like pawnshops or payday loans to make ends meet. The survey also revealed that half have less than $1,000 saved.

Rhett Wood with Bertrand Financial Solutions stopped by our studios to talk about how to be financially smart with your money.