The office is a major hub for the economy, with a big chunk of the US workforce working in it.
It’s also one of the main places where workers can access retirement income.
Here’s what it takes to live a long, healthy life in the US office.
What to expect if you’re on the market to work in the offices: •The office’s high cost.
In 2016, the average cost of living in the United States was $16,851.
It can cost up to $30,000 in the city and $60,000 outside the metro area.
•Currency exchange rates.
The dollar is the world’s main reserve currency, but the currency exchange rate has fallen by over 70% in the last decade.
The US has become increasingly dependent on China for its imports.
•The average cost per hour worked.
According to a study by the National Bureau of Economic Research, the cost per work hour was $4,854 in 2015.
That’s down to $3,632 in 2019 and $2,988 in 2020.
•A salary that is too low.
According the US Bureau of Labor Statistics, the median annual income for full-time workers is $57,300, down by 1.8% from 2016.
That translates to an annual salary of $37,500.
If you want to make more than that, you need to work extra hours.
•You’ll have to pay for healthcare.
The average cost for healthcare in the U.S. was $10,831 in 2019.
Thats up by 6% from the previous year.
•There’s not enough money to pay rent.
The median monthly rent for an apartment in the New York metro area was $1,900 in 2018.
That dropped to $1 and $1.50 in 2019, according to a report by RealtyTrac.
You can pay $1 a month for a 1,000-square-foot apartment.
•Your commute is a pain.
In 2020, the National Association of Realtors found that New York City commuters spent an average of 5,000 miles per year commuting to work.
That means you need an average commute of at least 20 miles per week to make ends meet.
•Rents are too high.
The rent in New York, as in many cities, is too high to live well in.
According one recent survey, a New Yorker spends an average monthly salary of more than $12,000 on rent alone.
•Incomes are falling fast.
The share of income that went to the top 1% of Americans fell from 33.7% in 2015 to 30.7 percent in 2019 according to the Tax Policy Center.
The top 1%.
The top 0.1%.
Source: The Associated Press / Time Inc.
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