Report: Nearly 25% of Marin Households Can'T Afford Decent Living


Foundation: Marin Community Foundation

credit:

A family of four in Marin County, Calif., needs to make $146,087 a year to afford a decent standard of living, according to a new report from the United Ways of California.

That's nearly a quarter of the county's average household income of $44,278, the Marin Independent Journal reports.

The United Ways found that 58% of households in the state earning less than the cost of living are spending more than 30% of their income on housing.

"I think $146,000 is a little less than I would have estimated," says Beatriz Chimal, who bought a home in Novato with her husband last year and has a 7-year-old son and 5-year-old daughter.

"Housing is our biggest expense," says Chimal.

"A lot of our income goes into our mortgage."

The United Ways found that renters in Marin need to earn 3.5 times the minimum wage to afford the average asking rent.

But the state minimum wage is only $15 per hour.

Home health and personal care aides are paid $16.97 per hour.

Child care workers make $18.81 per hour.

"Housing is such a significant basic need that it drives everything else," says Robert Palmer, the director of learning and development for the nonprofit Community Action Marin, which

Read the Entire Article


Selected Foundation News

A customized collection of news from foundations from around the Web.

Anitha Rao: Busting Taboos One Period at a Time

"When I belong to an educated family and nobody told me about menstrual hygiene, how would those living in rural areas and slums know," Anitha Rao says. That's why the 40-year-old social...more

Lukas Walton'S Climate-Focused Investment Firm S2G Raises $600 Million In Outside Funding

Sam Walton's grandson has raised $600 million for his climate-focused investment firm, S2G, the Chicago Tribune reports. According to Forbes, 37-year-old Lukas Walton is worth an estimated $27.8...more

Greater Hermiston Community Foundation Seeks Grant Applicants

The Greater Hermiston Community Foundation is accepting applications for its 2024 grant cycle. Local organizations serving Hermiston, Umatilla, Stanfield, Echo, and Irrigon are eligible to...more

Why This Money Manager Believes Esg Investing Is out and Impact Investing Is in

Want to invest in companies that are good for the planet but also good for the bottom line? Look no further than Nordis Capital, a Montreal-based investment firm that aims to invest in companies...more

Nigeria Accedes to the Establishment Agreement for Afreximbank'S Fund for Export ...

Nigeria has become the 16th country to sign an agreement with the Fund for Export Development in Africa, a multilateral bank that aims to boost African exports. The bank's president, Benedict...more

How Do U.S. Elections Affect Stock Market Performance?

It's that time of year again: time for investors to look back at the last presidential election and see if there's any correlation between it and the performance of the stock market. A Bloomberg...more

Kinara Capital Bags $24.4 Mn Debt Funding From Impact Investment Exchange, Blueorchard

Kinara Capital, an Indian startup that offers short-term, unsecured loans to small and medium businesses, has just received $24.4 million in debt funding, the Times of India reports. The funding...more

Photovoltaic Plants: Government Undeniable Stops Development

The Italian government has put the kibosh on a plan to build ground-mounted photovoltaic systems on agricultural land, Bloomberg reports. According to a draft of a new agriculture law, "the areas...more

Sparking Innovation and Inspiration
Foundation: Kellogg Foundation

For more than 30 years,Henrie Treadwell has been fighting for racial equity at the University of South Carolina, where she became the school's first black graduate since Reconstruction, the...more

Africa Regional Director

An international nonprofit is looking for a regional director to lead its efforts in Africa, and it's looking for someone with "strong interpersonal leadership skills" and a "growth...more







Social Entrepreneurship
Spotlight



Influencing Social Good Through Retail


When Hannah Davis   traveled to China to teach English, she noticed how Chinese workers and farmers were often sporting olive green army-style shoes. Those shoes served as her inspiration to create her own social enterprise, Bangs Shoes.




Federal Government Grant and Assistance Programs



Edited by: Michael Saunders

© 2008-2024 Copyright Michael Saunders