FROM Elise Gould
How Expensive is LA? $73,000 Annually, Just to Get By Los Angeles is an expensive place to live, though we’re often told it’s better than San Francisco or New York. The liberal-leaning Economic Policy Institute surveys the region each year and comes up with a family budget -- the amount of income necessary to cover health care, housing, food and taxes. Just the essentials, no saving. For a family with two adults and two children, that comes to $73,000 each year . And yet, many Angelenos are falling short. Over two-thirds of Latinos make less than the family budget threshold. Over one-third of whites are missing the mark. And the big culprits are housing, health and childcare.
America and Poverty: What the Numbers Mean for Gen-Y Recovery from the Great Recession is sluggish at best, and the Census Bureau has provided the latest evidence of ongoing decline. Last year, poverty in America rose to its highest level since 1993, with the number of poor people now approaching 50 million. We look at the impact on different age groups, ethnicities and levels of education. Segment image: A man looks through a trash dumpster on September 14, 2011 in New York City. Photo by Spencer Platt/Getty Images
America and Poverty: What Do the Numbers Mean for Gen Y? Recovery from the Great Recession is sluggish at best, and the Census Bureau has provided the latest evidence of ongoing decline. Last year, poverty in America rose to its highest level since 1993, with the number of poor people now approaching 50 million. Some are children of the Middle Class. Even college graduates face a high rate of unemployment, at the same time they're strapped with the debt accumulated in getting degrees. Their future is bleak and they'll have trouble helping their aging parents, who have to rely on assets that are losing their value. We hear what it's like to be poor and look at the consequences for different segments of a struggling population.
Poverty Level Highest in Half Century, Census Shows Some 43.6 million Americans now live in poverty and the poverty rate is now 14.3% -- the highest since 1994. That's according to the Census Bureau's annual report , released today in Washington. Economist Elise Gould of the progressive Economic Policy Institute has more.
Cover-up or witch hunt?: The latest on the WH ties to Russia Less than two months into his Presidency, Donald Trump is struggling to get his agenda under way, making it harder himself with tweets that dominate public attention. Meanwhile, important questions are going unanswered: why have staff members and the Attorney General lied about contacts with Russian officials?
Trump's opening offer: Making some of America 'great again?' A massive increase for the Pentagon at the expense of domestic programs. We hear about winners and losers in the President's first proposed budget.