This is part of NBC News’ Checkbook Chronicles, a series of profiles highlighting the financial realities of everyday Americans. Unlike most people who switched jobs during the Great Resignation, Shannon Penney is working twice as much for roughly the same pay she made years ago. She wouldn’t change it. Penney, 37, became disenchanted nearly a decade ago with her work as a freelancer in the advertising industry, but it took the pandemic for her to make a change.
By contrast, the median bank account balance for adults ages 35-44 was $7,500 in 2022, according to the Federal Reserve. Only 43% of millennials say they could cover a $1,000 emergency expense, Bankrate has found. But while Penney’s economic status differs from most of her peers’ and largely enabled her career move, that decision isn’t so unique.
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