Ricky Gutierrez
@rickygutierrezz·1.2M subscribers·5.3K videos
THE SAD TRUTH ABOUT THE NEW MIDDLE CLASS...
Posted
June 10, 2023
Views
12,284
Likes
654
Comments
114
Engagement
6.25%
June 10, 2023
12,284
654
114
6.25%
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6:32Now PlayingIn New York and San Francisco, a $250,000 salary has the purchasing power of only about $83,000 after accounting for taxes and adjusting the remaining amount for the local cost of living, per Bloomberg.
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The Federal Reserve conducts the nation’s monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates in the U.S. economy; promotes the stability of the financial system and seeks to minimize and contain systemic risks through active monitoring and engagement in the U.S. and abroad; promotes the safety and soundness of individual financial institutions and monitors their impact on the financial system as a whole; fosters payment and settlement system safety and efficiency through services to the banking industry and the U.S. government that facilitate U.S.-dollar transactions and payments; and promotes consumer protection and community development through consumer-focused supervision and examination, research and analysis of emerging consumer issues and trends, community economic development activities, and the administration of consumer laws and regulations.
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