A Bay Area couple with two kids can’t make it on $50,000 a year
The hard truth is that $53,000 a year doesn’t cut it anymore in the Bay Area. Tens of thousands of working families in the region, even those with what many would consider decent-paying jobs, find a modestly comfortable standard of living is out of their reach.
A family of four in the Bay Area with two working adults must earn $77,069, equaling an hourly wage of $18.53, just to pay for basic necessities, a study released today calculates. If only one adult works, that figure falls to $53,075, largely because the family doesn’t have to pay for child care, according to the report by the California Budget Project, a liberal Sacramento research group. But that one wage-earner must make $25.52 an hour.
And a single parent with two children needs to take in $65,864 annually, at an hourly wage of $31.67, to cover expenses, the Budget Project figures.
Statewide, the two-working-parent family needs an annual income of $72,343 to cover necessities; the family with one working adult must earn $50,383.
Blah blah blah.
Frankly, I don’t know anyone who doesn’t have a household income of at least $100k and doesn’t work at a tech company.
SF Gate, as part of its usual Main Street Media (MSM) spiel blah blah blah’s about how truck drivers with families can barely afford to live in SF.
Let’s talk about the real story here: there are truck drivers with families that can barely afford to live in SF.
The fact is, things like that really hurt the Bay Area’s image. If we are to be The Most Special Place on Earth, The Most Desirable Place on Earth, then we must make it a goal that truck drivers with families cannot possibly afford to live here.
We’ve already made some great progress in making the middle class leave, now we just need to take the next step and make everyone leave.
(Or repeal child labor laws so that the driver’s children can work. Or both!)
So while some may think it’s too unaffordable here, Burbed’s position is that it is too affordable.
<sigh> I can only dream of the day when the median condo is $1 million. Some day that will come. Some day.