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.
Who's to blame for the opioid crisis? Some of the lawyers who took on Big Tobacco are now going after Big Pharma. It’s all about the deadly epidemic of opioid use. Are the drug companies to blame? What about the users? Later, on today’s Talking Point: making sense of Britain’s upset election.
Venezuela spirals into economic and political chaos Venezuela, a country whose potential for prosperity is unmatched, finds itself on the verge of civil war. What sustains the repressive government? With time running out, guest host León Krauze looks at what the international community can do to pull the country from the edge of collapse.
Trump's new look at civil rights and global warming President Trump is reportedly ready to pull the US out of the Paris Agreement on Climate Change. We look at the possible consequences. On the second half of the program, we hear about cuts in Obama-Era civil rights programs called for by the Trump Administration's first budget plan.