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.


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.

No comments:

Post a Comment