The subprime mortgage crisis of 2008 changed how Americans think of homeownership and continues to haunt the housing market, contributing to a housing shortage in many areas of the country.
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Based on “Economic issues”.
California, a rich state, is also among the nation’s poorest
Factoring in living costs, nearly 20 percent of Californians were living below the poverty line in 2015, 2016 and 2017, making the state the poorest in the country. The national average of Americans living in poverty those same years was 14 percent.
Rising costs and lack of government assistance contributes to more than half-a-million American homes without water
An estimated 1.4 million Americans lost their water service in 2016, according to a nonprofit organization that advocates for affordable and safe food and water.
Report says rural wages are growing faster than urban
A recent report shows that while urban areas tend to have the highest wages overall, rural wages are growing at a faster pace. According to City Lab, the myth that success is only to be found in urban areas is false.
Californians have highest poverty rate
Despite California’s booming economy – among the largest in the world, surpassing most nation’s output – the majority of its residents are barely getting by, according to a new study.