California News

37% Of San Francisco Households Face Financial Ruin

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When the coronavirus pandemic hit, millions of California households were one emergency away from financial ruin — setting the stage for the unprecedented economic impact of the crisis. Here in San Francisco, just over 132,000 households fit the profile.

That’s according to the latest ALICE (Asset Limited, Income Constrained, Employed) Report.

ALICE Reports provide county-by-county data and analysis of how many households are struggling, including the obstacles ALICE households face on the road to financial independence.

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