A new report by United Ways of California reveals that a family of four needs $116,036 annually to cover the “real cost” of living in San Diego County.
Despite the six-figure sum, Pamela Gray Payton from the San Diego Foundation warns that this amount is insufficient for families to thrive in the area. The report highlights the financial strain faced by residents, who spend most of their income on housing, childcare, transportation, food and taxes, leaving little to no savings.
“You’re spending all of it, on housing child care, transportation, food, taxes, nothing left over. It’s hard to think if I make $120,000 I’m barely making it,” said Payton…