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Feb 17, 2023 · Wealth inequality in Silicon Valley is more pronounced than in the U.S. overall, or globally, with the top 1% of households holding 48 times more of the total wealth than the bottom 50%, according to the report. That compares to 23 times nationally and globally, the report said.
Feb 19, 2023 · Wealth inequality in Silicon Valley is more pronounced than in the U.S. overall, or globally, with the top 1% of households holding 48 times more of the total wealth than the bottom 50%,...
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Feb 15, 2022 · The wealth gap is growing worse in Silicon Valley, and nearly half of children in the region are in households struggling to get by. Officials from Joint Venture Silicon Valley, a group that analyzes regional issues affecting the economy and quality of life, highlighted these bleak findings and more at a Tuesday news briefing.
Feb 19, 2023 · Wealth inequality in Silicon Valley is more pronounced than in the U.S. overall, or globally, with the top 1% of households holding 48 times more of the total wealth than the bottom 50%,...
- The Pandemic and Patterns of Outmigration Haven’T Affected Soaring Home Prices
- Inflation Outpaced Income Gains; Assistance Programs Scale Upwards
- Silicon Valley Has The Nation’S Largest Gaps, and They Are increasing.
Silicon Valley’s high home prices rose 7% in 2022, reaching a record-breaking median price of $1.53 million. The share of first-time homebuyers who can afford a median priced home fell to 27% and is as low as 14% for the region’s Black or African Americans and Hispanic or Latino residents.
Increases in the regional Consumer Price Index since 2019 outpaced household income gains, resulting in a $550 decline in median household income in 2021. Childcare costs rose twice as quickly as the regional inflation rate since 2010 (+85%). Average wages vary significantly across racial and ethnic groups, with the largest disparity between Hispan...
For the first time ever, ultra-high net worthhouseholds are included in regional wealth data. Through this lens, inequality is even more stark, with the top 0.001% of Silicon Valley’s households holding more wealth than the nearly 500,000 households in the bottom 50%. 1. In 2022 the top 10 % of Silicon Valley households hold 66% of the wealth; eigh...
Feb 18, 2023 · Wealth inequality in Silicon Valley is more pronounced than in the U.S. overall, or globally, with the top 1% of households holding 48 times more of the total wealth than the bottom 50%, according to the report. That compares to 23 times nationally and globally, the report said.
Jul 31, 2023 · Percent of households in Silicon Valley that own six times more wealth than the bottom 50 percent of the region (i.e., 500,000 households). 1 Ranking of San José in youth homelessness in the U.S., with a rate of 85 unhoused young adults (ages 18-24) for every 100,000 residents.
