The Bay Area’s wages are getting higher, far outpacing most of the country, but more residents are finding their paychecks can’t keep up with the region’s skyrocketing cost of living.Yet, the Federal Reserve says inflation isn't a problem.
The typical Silicon Valley income — well over $100,000 annually — is now double the national average, according to a Bay Area News Group analysis of ten years of federal data. But while pay here is soaring, the cost of housing is rising even faster.
Monday, September 26, 2016
The San Jose Mercury News reports:
Posted by Steve Bartin at 8:33 AM