Put it this way, When I went back to college at sjsu in the late 80s, I think it was like $725 a semester. So what's happening today is that a lot of college grads are up to their necks with student loans.
Healthcare, housing, cost of higher education and yes wages have not kept up. Heard in the news that most people in the silicon valley are spending 50% or more on rent, which leaves hardly any room for savings or retirement.
Yup. It's amazing. In 2000 I went to a pretty good state college and my tuition was about $6k/year for a BS.
The US Census Bureau released a new calculation of poverty; one that is more realistic than the old one. It’s called the Supplemental Poverty Measure (SMP) . This new calculation adjusts classic poverty levels by the living expenses in each area. Using this better measure flips the numbers on their heads.
California takes the No. 1 spot from Mississippi. Yes, you read that right! When taking housing and living expenses into account, California has more poor people than Mississippi, and all southern states.
The SPM poverty calculation puts over 20% of all Californians below the poverty level. For comparison, Colorado’s is just 11%. The money earned may be higher but the cost to live is even higher in California, so money left over for food and other essentials is much lower, which makes getting by even harder.