Source: National Economics Editorial
More Than 1 In 5 Californians Live Below Federal Poverty Line When Adjusted for Cost of Living
According to the US Census Bureau’s Official Poverty Measure, California’s poverty rate hovers around 15 percent.
But that doesn’t tell the full story. The Census Bureau measures poverty in reference to a uniform national standard, which doesn’t account for differences in living costs between states, ie. the cost of taxes, housing, and medical costs can differ greatly depending upon where you are.
The Public Policy Institute of California found that, when accounting for these differences, California’s true poverty rate is 20.6 percent—the highest in America. In fact, it’s nearly twice the national average of 12.7 percent.
This is sad, especially when one considers the great wealth that California has to offer—California is the home of America’s biggest technology firms like Apple and Google, and it’s the world’s entertainment capital. There’s big money there, but also big poverty.
This is why income inequality in California is so high. In fact, if California were an independent nation, it would be the 17th most unequal place on earth—more unequal than Mexico, Guatemala, and Russia.
This is all the more ironic considering how Californians love to lecture the rest of the country on the virtues of of their progressive politics and socialism. If it worked so great, then why is California such a disaster? One should never throw stones from glass houses.
One Fifth of Homeless Americans Live in California
California is also unsurprisingly home to America’s largest homeless population. The New York Times reports: