Although California ranks eighth among global economies, the state also holds the dubious distinction of having the highest poverty rate in the United States. Analysts say the exorbitant housing costs and shortages are the cause. Others observe that recent wildfires that have destroyed thousands of homes are contributing to the problem.
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New program could provide relief for California mobile home owners
Nearly 21,000 families around Sacramento—and about a half-million across California—live in mobile homes, which are often the only affordable option for lower income families in one of the country’s most expensive housing states.Now, housing advocates and state officials are encouraging lawmakers to lower taxes and fees for these mobile homeowners
Consumer protection bureau issues rule to protect short-term borrowers
The Consumer Financial Protection Bureau issued a rule this week intended to protect short-term borrowers from being mired in “payday” loan debt, according to The Hill.
Study shows non-white adults more likely to experience dehydration
Recent study findings determine that non-white adults, especially Black and Hispanic minorities, experience mild dehydration more often than white adults.
Growing up in rural America may help future earning power
Children growing up in most rural American communities, and especially those from poor families, often succeed well in the labor market, according to a Stanford University study.