Unpopular opinion: $5M net worth is the new middle class. You need $15M to actually coast. $5M into a house, cottage and a boat, $10M generating 5% passive income. That'd be the old school upper middle class.
SCOOP: Warsh is considering reducing the number of policy meetings the Fed holds each year. He raised the idea at this week's meeting, according to four people with knowledge of the situation.
He left the impression that a revised schedule could be decided on before the next meeting in mid-September, even if the changes would not be carried out until later.
Warsh spoke about the legal authorities the Fed must abide by regarding the minimum number of meetings it needs to hold in a year and asked officials to reach out to him with their thoughts, the people said
Xbox CEO Asha Sharma hints they are planning on moving away from having customers buying consoles and instead going to a monthly rental or subscription program
She says it's hard to imagine people continuing to spend thousands of dollars on future console generations
This is code for you will own nothing and we will charge you monthly for a product forever
Married couples are already allowed to exclude up to $500K in gains on their primary home sales. This only helps the ultra wealthy boomers that own multiple houses and/or properties that are worth millions.
🚨 NO MORE TAXING THE AMERICAN DREAM!
Families who work hard, build equity, and sell their homes shouldn’t be punished with a massive tax bill.
I just introduced the No Tax on Home Sales Act to ELIMINATE the federal capital gains tax on home sales.
This bill helps homeowners unlock their equity, boosts housing supply, and brings fairness back to the tax code.
Let the American people keep what they’ve earned! 🇺🇸
BREAKING: Senator Rick Scott has introduced the bipartisan Sunshine Protection Act, to officially “lock the clock” and end the twice-yearly time change and make Daylight Saving Time the national year-round standard
Average Median Income in America by Ethnic Group:
1. Indian American - $100,500
2. Taiwanese American - $82,500
3. Japanese American - $72,300
4. Chinese American - $69,100
5. Pakistani American - 66,200
6. White American - $59,900
7. Korean American - $59,200
8. Nepali American - 43,500
9. Hispanic American - $43,000
10. African American - $35,000
The median household income is making $74,580.
I wonder why they don’t break out black Americans similar to Asian Americans. Interesting.
Incredible just how many vendors provide this option to consumers. No doubt it will cause folks to form bad habits, as you can see it has started already.