A new report has found out that almost three-quarters of millennials -- people born from 1981 to 1996 -- in the United States are living paycheck to paycheck.
The survey, entitled “New Reality Check: The Paycheck-to-Paycheck Report,” was released on Saturday by PYMNTS, a company that reports on financial news and data, and the financial services company LendingClub, The Hill reported.
The report found 60.1 percent of American consumers were living paycheck to paycheck last month, including 73.2 percent of millennials.
In the meantime, 65.5 percent of consumers of Generation Z -- the generation born in the late 1990s or the early 21st century -- and 64.2 percent of Generation X – the generation born before millennials -- were living paycheck to paycheck, but only 49.5 percent of baby boomers and senior citizens were. Baby boomers were born in the years following the Second World War, when there was a temporary marked increase in the birth rate.
Respondents who said they were living paycheck to paycheck said that their paycheck only covers basic bills.
More than 25 percent of respondents also said they pay for expenses for other family members and have major debts to pay. About one-third of millennials cited each of these reasons.
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Iran’s Army has carried out a massive drone strike on the headquarters of the Israeli occupation forces in the Beersheba area, in response to the ongoing US-Israeli terrorist strikes against Iran.
In a statement, the Iranian Army announced that its drones heavily attacked the headquarters of Israeli regime in Beersheba on Friday morning.
It added that since Friday morning, the Iranian Army has been targeting the headquarters of the Israeli regime's defense forces in the occupied territories in Beersheba using destructive drones launched from various parts of the country.
“Beersheba is the site of strategic military installations and infrastructures of the Zionist regime's army, including bases associated with ground and air forces,” the statement said.
“This extensive operation will continue in the coming hours with large-scale attacks on other significant locations of Zionist regime bases,” it emphasized....more below
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The US military is facing a "historic challenge" as it attempts to counter Iran’s vast arsenal of “low-cost” drones and ballistic missiles, says a new report.
Nearly two weeks into the US aggression against the Islamic Republic, Tehran has managed to significantly strain American military inventories, Bloomberg reported, citing military experts and Pentagon officials.
The American publication wrote that US forces have been forced to dig deep into inventories of expensive, hard-to-replace interceptors to counter the Iranian barrage.
It stated that the US and its Persian Gulf allies have fired over 1,000 Patriot PAC-3 interceptors—nearly double the annual production capacity of these weapons.
“The United States led the long-range precision strike revolution, and this is the first war where we’re seeing the adversary have that kind of capability,” Bloomberg quoted Kelly Grieco, a senior fellow at the Stimson Center.
“It’s putting stress on the system that we haven’t seen before,” Grieco ...
