- Report: Bay Area cost of living up 18 percent since 2008, By Matt O’Brien, October 4, 2011, Contra Costa Times: “By one measure, the cost of living for Bay Area families soared 18 percent since the onset of the recession in 2008. As wages remained stagnant and more residents lost their jobs, the price of rental housing, transportation, child care and other basic needs kept rising, according to an Oakland-based national research group that wants California to overhaul how it measures the economic well-being of its residents…”
- Report: Basic cost of living soars in Bay Area, By Carolyn Said, October 5, 2011, San Francisco Chronicle: “Raju and Simmi Kumar were busy Tuesday afternoon arranging multihued shawls, skirts, handbags and tablecloths imported from their native India in their new Mission District store, Simmi Boutique. ‘We want to help the poor people back in India who work for us to make these beautiful things,’ Raju Kumar said. Here in the United States, their family of five – they have three children, ages 13, 14 and 19 – struggles to make ends meet also. ‘It’s very tight, let me tell you,’ he said. ‘We never, ever go out, we always cook all three meals at home. But expenses are going all the way up.’ A report released Tuesday underscored how the Kumar family reflects the realities of the working poor. According to a formula called the Self-Sufficiency Standard, a family of four (with two adults, one preschooler and one school-age child) in the nine-county Bay Area now needs $74,341 a year to get by, compared with $62,517 three years ago…”
Tag: Cost of living
Poverty Rates in Oil-Producing Counties – North Dakota
Many live in poverty in oil country due to high rent, food prices, By Teri Finneman, August 14, 2011, Dickinson Press: “In one of the state’s wealthiest counties, the line of people waiting for the food pantry to open shows another side of the state’s oil boom story. The oil and gas industry has contributed to the state’s nationally known prosperity and created high-paying jobs in western North Dakota. But those who don’t make oilfield wages face the boom’s negative side effects, including the increasing cost of rent, services and goods. ‘I think the common misconception is that since we are in what most people call ‘oil country,’ that everybody is wealthy,’ said Holly Flatau of the Great Plains Food Bank in Fargo. ‘What it’s actually caused is a greater gap in those that are wealthy and those who are not. It’s harder for people that aren’t wealthy to make it on their own…'”
World Food Prices and Poor Nations
Food prices set to stay high, says UN food agency, June 7, 2011, BBC News: “Global food prices will remain high and volatile throughout this year and into next despite record food production. The United Nations Food and Agriculture Organisation (FAO) twice yearly Food Outlook analysis says rising demand will absorb most of the higher output. It says its index of food prices in May was at 232, only five points below February’s record high of 237. The FAO says higher food prices could mean poor countries will see food import costs rise by up to 30%. That would mean them spending 18% of their total import bills on food this year, compared with the world average of 7%. The organisation says the next few months will be critical in determining how major crops will fare this year…”