The Brief
- The Bay Area’s poverty rate rose from 12.2% in early 2023 to 16.3% by the end of the same year, marking a 4.1% increase.
- The cost of living in the Bay Area is also outpacing income growth.
- Tipping Point Community said the rising trend is reversible, and that the organization is doing its part by investing in “systems and policies that create lasting change.”
SAN FRANCISCO – The number of people in the Bay Area living below the poverty line has exploded.
That’s according to new data released on Wednesday by Tipping Point Community, an anti-poverty nonprofit organization founded by Daniel Lurie before he became mayor of San Francisco.
By the numbers:…