Inflation in Bay Area prompts “Poverty Line Prices”
Since the Bay Area became the Silicon Valley, home to some of the tech industry’s biggest companies, it’s become one of the most expensive places to live in the US.
Now imagine being a working class family in that area, where prices for everything are skyrocketing yet wages for those workers remain stagnant. For one-in-ten in the Bay, nearly a million individuals, living on the poverty line means having to do without.
The Bay Area’s median households bring in $153,057 a year, w
Read more »