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This is how much the 'American Dream' costs in California

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This is how much the 'American Dream' costs in California


The American Dream means something different to every American. For some, it means the old cliche of the white picket fence in front of the suburban home with a nuclear family. For others, it could be as simple as working hard to end up with a better life than you had. But a new study from GOBankingRates shows that the American Dream comes with a hefty price tag, especially in California.

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In order to put a value on it, though, researchers first had to define it. Whether it’s your definition of the American Dream or not, for their study, GOBankingRates defined the American Dream as a married couple that owns a home and a car, that has two children and pets. Then, the study figured out how much all of that stuff costs per state annually — from groceries and a mortgage, to monthly bills like utilities, to child and pet care and more.

Then they took that total cost and doubled it, to account for savings and a general spending budget. All told, the study found the cost of the American Dream in California is $245,734 per year. That number makes California the second-most expensive state for “achieving” the American Dream. Only Hawaii comes with a higher price tag, of just over $260,000 a year.

Here’s how the study broke it down:

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  • Groceries: $9,306
  • Pet care: $1,759
  • Car: $8,694
  • Median home price: $785,294
  • Mortgage: $55,389
  • Healthcare: $8,018
  • Utilities: $7,553
  • Education: $3,721
  • Child Care: $28,420
  • Total: $122,861
  • “Cost of the American Dream”: $245,723

If that number seems high to you, that’s not surprising. While the American Dream is something to work toward, many Californians are falling well short.

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A Nov. 2023 report from Axios found that many Americans are saving less, so having 50% of your money available for saving and discretionary spending simply isn’t an option for many in California. In fact, the average Californian can’t even cover those basic costs, at least according to the Department of Justice. Their stats from 2022 on median income by state show the average Californian family of four makes just over $111,000 a year. In LA County that number is $98,200.

So if not the American Dream, how about just a “happy living?” Well, more rough news for Californians. Another GOBankingRates study found that you need a minimum annual salary of $143,220 to be happy in California, citing “California’s notoriously high cost of living.” 

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You can see how much the American Dream costs in each state in GOBankingRates’ full study, by tapping or clicking here.



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California

SpaceX launches 20 Starlink satellites from California (photos)

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SpaceX launches 20 Starlink satellites from California (photos)


SpaceX launched another batch of its Starlink internet satellites to orbit early Sunday morning (Nov. 24).

A Falcon 9 rocket carrying 20 Starlink spacecraft — 13 of which are capable of beaming service directly to smartphones — lifted off from California’s Vandenberg Space Force Base on Sunday at 12:25 a.m. EST (0525 GMT; 9:25 p.m. on Nov. 23 local California time). 

The Falcon 9’s first stage returned to Earth about eight minutes after liftoff as planned, touching down on the SpaceX droneship “Of Course I Still Love You” in the Pacific Ocean.

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The first stage of a SpaceX Falcon 9 rocket rests on the deck of a droneship shortly after launching 20 Starlink internet satellites to orbit from California’s Vandenberg Space Force Base on Nov. 24, 2024. (Image credit: SpaceX)

It was the 15th launch and landing for this particular booster, according to a SpaceX mission description. Twelve of those flights have been Starlink missions.

The Falcon 9’s upper stage hauled the 20 Starlink satellites to low Earth orbit, deploying them there about an hour after liftoff as planned, SpaceX reported in a post on X.

Sunday’s launch was the 115th Falcon 9 flight of the year. Nearly 70% of those liftoffs have been devoted to building out Starlink, the largest satellite constellation ever assembled.

The megaconstellation currently consists of more than 6,600 active satellites, and, as Sunday’s mission shows, it’s growing all the time.



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Northern California driver dies after vehicle found in floodwaters, 1 other found dead

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Northern California driver dies after vehicle found in floodwaters, 1 other found dead


PIX Now morning edition 11-23-24

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PIX Now morning edition 11-23-24

09:29

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SONOMA COUNTY – A man died when he was found in a flooded vehicle after an atmospheric river dumped heavy rain in Northern California, authorities said.

In Sonoma County’s Guerneville, first responders responded to a report around 11:30 a.m. Saturday for a vehicle that was seen in floodwaters near Mays Canyon Road and Highway 116.

The caller believed that at least one person was inside the vehicle.

When crews arrived, they said the vehicle was recovered but a man was pronounced dead at the scene. He has not been identified.

The Russian River, which flows through Guerneville, reached the flood stage on Friday evening and exceeded what was forecasted.

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This area went into a flood warning around 2 p.m. Friday and was still in place as of Saturday afternoon.

Guerneville is about 75 miles north of San Francisco.

Around 8:45 a.m. Saturday in Santa Rosa, a man was found dead in Piner Creek just south of Guerneville Road, the police department said. His death is being investigated. 

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Laura Richardson completes a political comeback, winning tight race to represent South L.A. in the California Capitol

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Laura Richardson completes a political comeback, winning tight race to represent South L.A. in the California Capitol


Laura Richardson emerged the victor of the competitive, costly and feisty election to win a South Los Angeles seat in the state Senate — completing her political comeback more than 10 years after a tumultuous tenure in the House of Representatives.

Richardson narrowly won the race against Michelle Chambers, a community justice advocate who faced accusations of misconduct in prior public office. The Associated Press called the race Friday after weeks of ballot counting.

The contest between two Democrats with similar social policies but differing views on crime and business attracted huge spending by special interests.

Independent expenditure committees poured more than $7.6 million into the race, making it the most expensive election for state Legislature this year, according to California Target Book, a political database. Negative campaigning dominated the race as business interests and labor unions battled for their favored candidate.

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Richardson, a moderate Democrat, will join a Democratic supermajority in the Legislature. But Republicans are on track to flip three legislative seats this year, one in the Senate and two in the Assembly.

Richardson’s biggest supporters were businesses, including PACs funded by oil companies, and law enforcement associations that said they advocated for candidates who shared their beliefs on free enterprise and public safety. Meanwhile, Chambers’ biggest portion of support came from healthcare workers and teachers unions, who spent millions of dollars backing her.

Chambers wrote in a statement she was “proud of the campaign we ran,” thanking supporters who canvassed, phone-banked or cast votes for her “vision of better jobs, better wages and a California that works for everybody, not just the wealthy and well-connected.”

“This was the closest state senate race in the state, but unfortunately it appears that we will fall just short of victory,” she added. “Our people-powered efforts were not quite enough to overcome millions of dollars in outside spending on lies from the oil and tobacco industry and their allies.“

Richardson will succeed Sen. Steven Bradford (D-Gardena) in the 35th District, which encompasses the cities of Carson, Compton and stretches down to the harbor. Bradford, who had endorsed Chambers, said he believed both candidates were “qualified to do the job.”

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Bradford, who championed reparations legislation during his tenure, hoped the future senator would be “willing to meet with all factions of the community, because it’s a great diverse need in this district.”

“I’m also deeply sad to see how negative this campaign was, probably one of the most negative campaigns I’ve experienced in my 30-plus years of being involved with elections,” he said. “I just hope that we can come together after such a negative campaign, regardless of who the victor is, and understand that we have to work together.”

Richardson and Chambers took aim at each other’s past controversies. For Chambers, who had picked up the endorsement of various state and local elected officials, opposition groups seized on a criminal misdemeanor charge from 30 years ago. She was also accused of bullying and intimidation from her time as a Compton City Council member, allegations that she has repeatedly denied.

Richardson faced criticism over her tenure in Congress, where a House Ethics Committee investigation found her guilty in 2012 of compelling congressional staff to work on her campaign. The committee report also accused Richardson of obstructing the committee investigation “through the alteration or destruction of evidence” and “the deliberate failure to produce documents.”

Richardson admitted to wrongdoing, according to the report, and accepted a reprimand and $10,000 fine for the violations. She previously said that during her time in Congress, Republicans frequently targeted members of the Black Caucus. After she lost her reelection bid for a fourth term, Richardson said she worked at an employment firm to improve her managerial skills and has recognized previous mistakes.

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“It’s been said voters are very forgiving, and if you stand up and you accept responsibility and you improve in the work that you do — we need people who’ve been through things, who understand what it’s like to have had difficulties,” she previously told The Times. “And so that’s exactly what I did. I didn’t shy away from it.”



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