New data reveal that poverty in the San Francisco Bay Area spiked sharply in 2023, rising from 12.2% to 16.3% across the six-county region. More than one million residents were pushed into poverty, while nearly 790,000 others teetered just above the poverty line. The report, released by Tipping Point Community, underscores how skyrocketing living costs have outpaced wages, widening an already severe economic divide. The findings show a dramatic reversal of a decade of progress, signaling renewed urgency around the state’s growing affordability crisis.
Rising Poverty Numbers
Tipping Point Community’s data show that the Bay Area ended 2023 with about 1.02 million residents officially living in poverty. Another 12.5%,…..