Middle class is disappearing in California as wealth gap grows
After factoring for costs of living, California is the poorest state in the union. An average of 14 percent of Americans live below the poverty line by census measures. Compare that with the 19 percent of Californians who live below the poverty line and the situation is clear. The census measures factor in housing costs and wellbeing with programs like food stamps and housing assistance. Altogether, the state government has made life for poor and middle class Californians nearly unbearable.
How? California renters pay an average of $1,440 per month, much higher than the national average of $1,010 per month. In 2015, more than 40 percent of Californians spent over 30 percent of their income on housing. Today, 29 percent of them spend over half their earnings on housing. Median home values, at $529,000, are more than double the national median of $239,800. Residents who can afford rent or a mortgage...