5th Silicon Valley Pain Index reveals widening wealth gap between richest and poorest residents.

5th Silicon Valley Pain Index reveals worsening inequities in South Bay, with a growing wealth gap between richest and poorest residents. The report finds that 1% of households in Silicon Valley hold over 65 times more wealth than the bottom 50% of workers. A single parent with two children requires $81/hr for self-sufficiency in Silicon Valley and $163k annually for basic needs in San Mateo County.

June 19, 2024
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