Thursday, July 27, 2017

The Raging Success of Democratic Control of California

7/25/17 Pasadena Star-News:
More than 37 percent of California households have so little cash saved that they couldn’t live at the poverty level for even three months if they lost a job or suffered another significant loss of income.
That’s the grim assessment of the 2017 Prosperity Now Scorecard. The report was compiled by Prosperity Now, a Washington, D.C.-based organization seeking to help people — particularly people of color and those with limited income — achieve financial security and prosperity.

NO EMERGENCY FUND

The scorecard also shows that 46 percent of households in the Golden State didn’t set aside any savings for emergencies over the past year, a higher percentage than the national rate of 43.7 percent.

It doesn’t help that 21.1 percent of California jobs are in low-wage occupations. The scorecard found that 21.4 percent of Californians experienced income volatility over the past year, a situation that most often results from irregular job schedules.
As I pointed out last year  income inequality is greater in CA, O, and WA than in ID.  This is a pretty good indication that either Democrats can't fix this, or do not want to.

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