ACTUALLY WILD (but not unexpected)!
"High poverty rates underscore the fact that Californians’ costs for housing, utilities, fuel and other necessities of life are among the nation’s highest. In some high-cost counties, California’s housing department considers adults making more than $100,000 a year to be poor in terms of qualifying for housing assistance.
Being poor from an income standpoint has another aspect that hasn’t gotten as much attention — the even starker stratification of Californians by wealth.
There’s a logical connection between the two. Low family income and high living costs make it more difficult to buy a home, contribute to retirement accounts and otherwise acquire what’s known as generational wealth — assets that can grow and be passed down to heirs."
#poverty #CA #wealth #rates #highcost #income #livingcosts #data
https://calmatters.org/commentary/2025/05/california-living-costs-poverty/
