Broke in California: Sky-high costs are draining wallets statewide

Lucian Nemoiu

Alarm bells are ringing about the true state of California’s economy despite claims from Gov. Gavin Newsom that the state’s GDP has reached a record $4.25 trillion last year. According to the Pacific Research Institute , the average California household has about 35 percent less disposable income than the national average. “California may look wealthy on paper, but it does not feel that way for many families,” said political strategist Jon Fleischman. Housing prices remain a huge burden on

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