3 in 10 Bay Area residents can't cover basic needs, new report says
Briefly

3 in 10 Bay Area residents can't cover basic needs, new report says
"After years of decline, we're seeing a drastic increase in the number of people living in poverty. The new numbers indicate that more people across the Bay Area are struggling to make ends meet. Even people who work full-time are having trouble. The biggest increases in poverty are in San Francisco County. But some say there are critical steps to keep people out of poverty."
""Poverty has drastically increased, after seeing major declines over the last 10 years. In the last 9 months in 2023, we saw those declines in last decade in poverty erased," said Cobbs. According to Tipping Point, San Francisco County saw the largest jump in poverty rates in the Bay Area. It now has the highest rate in the region at 17.5%."
Poverty across the Bay Area has reversed a decade of declines, with steep increases in 2023 that erased prior gains. San Francisco County recorded the largest jump and now has the region's highest poverty rate at 17.5%. More than 1.8 million residents — nearly three in ten people — cannot cover basic needs. Poverty rose across nearly every demographic; Black poverty increased from 15.8% to 22.1%, and Asian poverty rose from 9.6% to 14.1%. Many full-time workers struggle to make ends meet, with residents borrowing between paychecks or moving away to afford costs.
Read at ABC7 San Francisco
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