Janet Yellen’s Salary in USA

Janet Yellen is the current United States secretary of the treasury, appointed by President Joe Biden in January 2021. She is the first woman to hold this position in the history of the country. She is also a distinguished economist who has served as the chair of the Federal Reserve, the president of the San Francisco Federal Reserve Bank, and the chair of the Council of Economic Advisers.

Janet Yellen’s Salary in the USA

As the treasury secretary, Yellen is responsible for managing the nation’s finances, overseeing the collection of taxes, issuing debt, regulating banks and financial institutions, enforcing economic sanctions, and advising the president on economic policy. She also represents the United States in international forums such as the G7, the G20, and the International Monetary Fund.

But how much does Yellen earn for her important role? What is her salary as the treasury secretary? How does it compare to her previous income as the Fed chair and as a speaker and consultant? And how much does she make per match, per year, per month, per week, per day, and per hour in 2023?

Janet Yellen’s Salary as Treasury Secretary

According to the Office of Personnel Management, the salary for the treasury secretary in 2021 is $221,400. This is the same amount that other cabinet-level officials earn, such as the secretary of state, the attorney general, and the secretary of defense. This salary is also subject to annual adjustments based on inflation and legislation.

Assuming that Yellen’s salary remains unchanged until 2023, she will earn $221,400 per year as the treasury secretary. This means that she will make $18,450 per month, $4,257.69 per week, $851.54 per day, and $106.44 per hour (based on a 40-hour workweek).

However, these figures do not include other benefits that Yellen may receive as a federal employee, such as health insurance, retirement savings, life insurance, paid leave, and travel allowances. These benefits may add up to a significant amount of money that is not reflected in her salary.

Janet Yellen’s Salary as Fed Chair

Before becoming the treasury secretary, Yellen was the chair of the Federal Reserve from 2014 to 2018. The Federal Reserve is the central bank of the United States that sets monetary policy, regulates banks, and provides financial services to the government and the public.

As the Fed chair, Yellen was paid $201,700 in 2018, which was her last year in office. This was less than at least 113 other Federal Reserve employees who earned more than her. The highest-paid employee at the Fed was Inspector General Mark Bialek, who made $312,000 in 2018.

Based on her 2018 salary as the Fed chair, Yellen earned $16,808.33 per month, $3,878.85 per week, $775.77 per day, and $96.97 per hour (based on a 40-hour workweek).

Janet Yellen’s Salary as Speaker and Consultant

After leaving the Fed in 2018, Yellen became a speaker and consultant for various financial firms, universities, and think tanks. She earned more than $7 million from these activities between 2018 and 2020.

Some of her most lucrative speaking engagements included:

• $292,500 from Citadel, a hedge fund, for a single speech in October 2019.
• $270,000 from Standard Chartered, a London-based bank, for a single speech in October 2019.
• $225,000 from PwC, a consulting firm, for a single speech in October 2019.
• $112,500 from UBS, a Swiss bank, for a single speech in October 2019.
• $67,500 from Goldman Sachs, a Wall Street bank, for a single speech in June 2019.

Yellen also earned $125,000 as a consultant and about $225,000 in speaking fees from Magellan Financial Group, an Australian investment firm.

Based on her total income of $7 million from speaking and consulting between 2018 and 2020, Yellen earned an average of $2.33 million per year, $194,166.67 per month, $44,807.69 per week, $8,961.54 per day, and $1,120.19 per hour (based on a 40-hour workweek).

Janet Yellen Salary Comparison

To put Yellen’s salary in perspective, here are some comparisons with other prominent figures in the US and the world:

• Yellen’s salary as the treasury secretary is higher than the salary of the president of the United States, who earns $400,000 per year.
• Yellen’s salary as the treasury secretary is lower than the salary of the chief justice of the United States, who earns $277,700 per year.
• Yellen’s salary as the treasury secretary is lower than the salary of the CEO of Apple, Tim Cook, who earned $14.8 million in 2020.
• Yellen’s salary as the treasury secretary is lower than the salary of the richest person in the world, Elon Musk, who earned $6.7 billion in 2020.

Conclusion

Janet Yellen is one of the most influential and respected economists in the world. She has served in various positions in the government and academia, and has earned a substantial amount of money from her career. As the treasury secretary, she earns $221,400 per year, which is more than her previous salary as the Fed chair, but less than her income from speaking and consulting. She also makes less than many other prominent figures in the US and the world.

Most Asked Questions and Answers

1. What is Janet Yellen’s net worth?

According to Forbes, Janet Yellen’s net worth is estimated at $20 million as of June 2021. This is based on her assets, liabilities, income, and expenses.

2. What is Janet Yellen’s education?

Janet Yellen has a bachelor’s degree in economics from Brown University and a doctorate in economics from Yale University. She also has honorary degrees from several institutions, including Harvard University, Yale University, and Brown University.

3. What is Janet Yellen’s age?

Janet Yellen was born on August 13, 1946. She is 75 years old as of August 2021.

4. Who is Janet Yellen’s husband?

Janet Yellen’s husband is George Akerlof, a Nobel Prize-winning economist and professor emeritus at the University of California, Berkeley. They met at the Federal Reserve in 1977 and married in 1978. They have one son, Robert Akerlof, who is also an economist and professor at the University of Warwick.

5. What are Janet Yellen’s achievements?

Some of Janet Yellen’s achievements include:

• Being the first woman to serve as the treasury secretary, the Fed chair, and the president of the San Francisco Federal Reserve Bank
• Being one of the most influential economists in the world, ranked by Bloomberg, The Economist, and Foreign Policy
• Being a pioneer in macroeconomics, labor economics, and monetary policy
• Being a recipient of numerous awards and honors, such as the Paul H. Douglas Award for Ethics in Government, the Adam Smith Award, and the Wilbur Cross Medal

6. What are Janet Yellen’s goals as treasury secretary?

Some of Janet Yellen’s goals as treasury secretary include:

• Supporting the economic recovery from the COVID-19 pandemic
• Implementing Biden’s agenda on infrastructure, climate change, health care, and social justice
• Strengthening the US leadership and cooperation in global affairs
• Promoting financial stability and inclusion
• Reforming the tax system and addressing inequality

7. What are Janet Yellen’s challenges as treasury secretary?

Some of Janet Yellen’s challenges as treasury secretary include:

• Dealing with high levels of debt and deficit
• Managing rising inflation and interest rates
• Balancing fiscal stimulus and fiscal discipline
• Navigating trade disputes and sanctions
• Facing political opposition and gridlock

8. What are Janet Yellen’s views on cryptocurrency?

Janet Yellen has expressed skepticism and concern about cryptocurrency, especially Bitcoin. She has said that cryptocurrency is “highly speculative”, “inefficient”, “extremely volatile”, and “often used for illicit finance”. She has also called for more regulation and oversight of cryptocurrency to protect investors and consumers.

9. What are Janet Yellen’s hobbies?

Janet Yellen enjoys reading, hiking, cooking, gardening, and spending time with her family.

10. How can I contact Janet Yellen?

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