Loading...

Economy

Wednesday, August 20, 2014

Wednesday, August 20, 2014

Economy

$100 in California Will Get You Much Less Than in the Rest of America

Comments (8)

By

Wed, Aug 20, 2014 at 8:04 AM
ALBERT VALLES/L.A. WEEKLY FLICKR POOL
L.A. is the most unaffordable rental market in the United States. And if you're lucky enough to be in the market to buy your own place, you're also facing some of the highest prices in the nation. Now comes word that the cash in your pocket has become less valuable simply because you're in California.

See also: It's Official: L.A. Is the "Most Unaffordable Rental Market" in America

This week the Tax Foundation looked at U.S. Bureau of Economic Analysis data to determine how far $100 will get you in each state.

As you can imagine, we didn't do so well:

More »

Thursday, June 5, 2014

Thursday, June 5, 2014

Economy

Yes, Rents in L.A. Continue to Increase

Comments (6)

By

Thu, Jun 5, 2014 at 12:43 PM
401(K) 2012/FLICKR
It's not your imagination.

Even in these dull economic times we somehow describe as a "recovery," rents in Los Angeles are surging even higher. It's all about supply and demand, and a lot of you want or need a place to stay in our fine city.

The real estate website Trulia today unveiled its "Rent Monitor" report for May, and you know it's not going to be pretty:

More »

Thursday, May 22, 2014

Thursday, May 22, 2014

Economy

Why You Lose Nearly $6,000 a Year Living in L.A.

Comments (17)

By

Thu, May 22, 2014 at 9:01 AM
SHABDRO PHOTO/LA WEEKLY FLICKR POOL
  • Shabdro Photo/LA Weekly Flickr pool
You have to really love this town to live here. There's a lot to like, of course. But between the sky-high rents and real estate, the worst traffic in America, and the worst roads in the nation, you have to be quite active in whatever it is you do to tread water.

See also: L.A. Has the 2nd Least Affordable Housing Market in America

A new look at U.S. Bureau of Economic Analysis data shows how much cash you actually just throw away to be here.

National Public Radio crunched those federal numbers and concluded ...

More »

Tuesday, May 20, 2014

Tuesday, May 20, 2014

Economy

California Is the Top State For Work-at-Home Job-Seekers

Comments (0)

By

Tue, May 20, 2014 at 9:01 AM
Los Angeles is the traffic congestion capital of America. And, because it's the second least-affordable housing market for middle class families, it's also an epicenter for long-distance commuters.

It's no wonder, then, that California tops a list of states in which job-seekers are looking for stay-at-home gigs. That's the conclusion of employment site FlexJobs, which says it based its findings on job search data from February, March and April.

You really don't like driving to work:

More »

Thursday, April 10, 2014

Thursday, April 10, 2014

Economy

Now Obama Wants to Save You Money on Car Insurance?

Comments (3)

By

Thu, Apr 10, 2014 at 8:03 AM
PETE SOUZA/THE WHITE HOUSE
  • Pete Souza/The White House
No self-proclaimed good deed goes unpunished.

President Obama's effort to get 7 million Americans signed up through the Affordable Care Act, a.k.a. Obamacare, was a success if you look at the numbers (but it was a failure if you saw the horrible online execution).

See also: Minorities Pay Higher Insurance Rates in California

Some experts say Obamacare has already slowed the out-of-control increase in medical-care costs we've seen in the last few decades. But a new Santa Monica-based think tank says there's an added bonus for your wallet:

More »

Wednesday, March 26, 2014

Wednesday, March 26, 2014

Economy

California Rents Are Almost America's Worst

Comments (14)

By

Wed, Mar 26, 2014 at 8:06 AM
MARCO GOMES/FLICKR
We know this is not exactly breaking news for you folks who put in half your monthly pay and then some just to be able to not have to sleep on the sidewalk.

But a new report by the National Low Income Housing Coalition says California is the second least affordable state in America for renters. We were beat out only by Hawaii and Washington, D.C., according to the analysis.

See also: Rent Continues to Rise in L.A.

The folks at the coalition say it takes a full-time wage of  $26.04 an hour to be able to afford an average, 2-bedroom apartment in the Golden State.

More »

Wednesday, March 5, 2014

Wednesday, March 5, 2014

Economy

L.A. Is the Worst City in America for Finding a Job

Comments (18)

By

Wed, Mar 5, 2014 at 9:05 AM
RENEE RENDLER-KAPLAN/LA WEEKLY FLICKR POOL
Don't get us wrong: Los Angeles is the place to be. The waves, the mountains, the pretty people. But maybe that's why it's so expensive to live here; everybody wants a piece of the action.

The latest report by personal finance site WalletHub finds that L.A. ranks dead last when it comes to "The Best Cities to Find a Job."

See also: L.A. is the Most Expensive City in America for Living 'Well'

Now everybody go back to where you came from!

More »

Tuesday, February 4, 2014

Tuesday, February 4, 2014

Economy

$13 an Hour Minimum Wage for California?

Comments (12)

By

Tue, Feb 4, 2014 at 10:06 AM
MCDONALD'S IN THE '80S, WHEN WHITE KIDS STILL WORKED THERE. ETHAN/FLICKR.
  • McDonald's in the '80s, when white kids still worked there. Ethan/Flickr.
It's Minimum Wage Gone Wild in America, folks.

After years of stagnant pay for the United States' bottom-of-the-barrel workers, including the likes of employees in fast-food, retail and hospitality, there's a movement afoot to have their billion-dollar-plus corporate employers give them just a little more.

Gov. Jerry Brown last year signed a bill that will increase California's $8 minimum wage to $9 on July 1, then to $10 on Jan. 1, 2016. And President Obama recently declared that federal contract workers will have to see at least $10.10 an hour. Now California state Sen. Mark Leno is trying to outdo them all:

More »

Thursday, December 5, 2013

Thursday, December 5, 2013

Economy

1 in 4 SoCal Kids is Straight-Up Poor

Comments (0)

By

Thu, Dec 5, 2013 at 1:30 PM

JOHN LEE CLARK/FLICKR
  • John Lee Clark/Flickr
Southern California is home to the glamorous life, no doubt. But beneath the surface of reality television, and outside the range of TMZ cameras, there are millions of people barely hanging on.

See also: Know Your Rich People, Los Angeles.

In fact one in four Southern California children is living in poverty. And, overall, nearly one out of every five us is straight-up poor. Look around you. Somebody you know is struggling.

This according to the Southern California Association of Governments (SCAG):

More »

Thursday, November 7, 2013

Thursday, November 7, 2013

Economy

California Is America's Poorest State

Comments (0)

By

Thu, Nov 7, 2013 at 1:45 PM

COREY MILLER /  LA WEEKLY FLICKR POOL
California is becoming such a surreal place. Our billionaire population is booming. L.A. county has the most expensive homes in America. You can barely touch real estate these days without an all-cash offer.

See also: Priciest Homes in U.S. Are Right Here in L.A. County.

And yet the U.S. Census Bureau has determined, under its "supplemental poverty measure," that California is the poorest state in America. For the second year in a row:

More »

Now Trending

Los Angeles Concert Tickets