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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

California moving a big crop of large strawberries for Mother’s Day

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California moving a big crop of large strawberries for Mother’s Day




There are plenty of big strawberries from California as Mother’s Day approaches–a holiday that often sees higher consumption of the popular berry. “The strawberries are looking fabulous,” says Steve Johnston of G.W. Palmer & Co. Inc. “The heavy rains of the 2022-2023 rainy season in California have really helped the ground and that’s making for a beautiful bumper crop in California.”

On top of that, growing conditions in the state for strawberries have been ideal with occasional rains but also sunny days and cool nights. “This has made a perfect combination for a great big berry. The size and condition are strong right now–you couldn’t have better quality going into the Mother’s Day pull,” says Johnston, adding that the size in some cases adds up to an eight-count 1 lb. pack of berries.

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Changing regions
In terms of growing regions, Oxnard is winding down its production at the moment with several shippers starting to divert product to processors because the market is so low–the size of the fruit has given shippers more than anticipated. That leaves Santa Maria and Salinas-Watsonville as the primary production areas right now. “The quality is good from Oxnard but there’s just so much coming in from those other regions that people want to switch to the new area,” says Johnston.

While demand is strong, it is coming up against that oversupply of strawberries which means it may be a tough year market-wise. “For the next six weeks, there’s going to be an oversupply and they’d better promote, promote, promote,” says Johnston.

One of the upsides though of the large-sized fruit is that labor is readily accessible for growers. “There’s such a bountiful crop that some pickers are making $30+/hour. It’s just easy picking on small plants,” says Johnston. “The pickers will tell you where the good strawberries are.”

For more information:
Steve Johnston
G.W. Palmer & Co., Inc.
Tel: +1 (831) 753-6578
sjohnston@gwpalmer.net
http://www.gwpalmer.net/

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Hub Acquires Williams Insurance Services in California

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Hub Acquires Williams Insurance Services in California


Hub International Ltd. acquired Merriwether & Williams Insurance Services Inc.

Merriwether & Williams has locations in San Francisco and Los Angeles, California, The firm provides contractor development abd bonding programs, aligned risk management and special project consulting, and insurance brokerage services.

President & CEO Ingrid Merriwether and the Merriwether & Williams team will join Hub Central & Northern California. Merriwether will become president of Hub Aligned Risk Management Services. Merriwether & Williams will be referred to as Merriwether & Williams Insurance Services Inc., a Hub International company.

Chicago, Illinois-based Hub is an insurance broker and financial services firm providing risk management, insurance, employee benefits, retirement and wealth management products and services.

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California Voice: As state considers budget deficit, empty prisons must close

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California Voice: As state considers budget deficit, empty prisons must close


California is facing a multibillion-dollar budget deficit that will require lawmakers and the governor to make painful decisions. Nobody wants less funding for their child’s school, road maintenance, environmental progress or other essential services.

There is one area, however, where spending can and should be cut: prisons. Thousands of California prison beds are not in use. Simply consolidating and closing some facilities could ultimately save the state hundreds of millions of dollars.

This can be accomplished safely thanks to important reforms that have confronted our state’s incarceration crisis and reduced its prison population. According to the California Department of Corrections and Rehabilitation, nearly 130,000 people were in state custody in 2019; by the end of last year, that number had dropped to 96,000, a decrease of about 25%.

Today the state’s prison population is down to roughly 93,000. That leaves a surplus of about 15,000 prison beds, a number that is expected to grow to 19,000 in four years as the population continues to decline. It’s fiscally irresponsible to maintain those beds while social safety net programs are on the chopping block.

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The empty beds mean that beyond the excess prisons, we’re continuing to incur unnecessary billions in staff, operations and maintenance costs. Consolidating and deactivating prisons provides a straightforward way to address the state’s budget deficit over the long term.

Gov. Gavin Newsom has closed two prisons and eight yards — each state prison typically comprises several yards — and discontinued one private prison contract, with another prison closure slated for next year. Even with these reductions, however, the vacancies are equivalent to four or five more empty prisons.

New York offers an example of what’s possible. With a prison population that has halved since 1999, the state has closed dozens of facilities in recent years. Gov. Kathy Hochul has proposed closing five more in the coming fiscal year.

California should follow suit. The state’s nonpartisan Legislative Analyst’s Office recently estimated that the state could save $1 billion in operating expenses annually and up to an additional $2 billion in capital expenses by closing five prisons. Otherwise, the office expects one-fifth of the state’s prison capacity to go unused.

A billion dollars a year could not only help close this and future deficits but also support real public safety measures: safety-net programs, education, housing and workforce development. The state’s current corrections budget is nearly $15 billion. The state’s general fund budget for the University of California? Under $5 billion.

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Do we want updated school textbooks or surplus prison beds? Desperately needed affordable housing or unneeded prison yards? Should we pay people to watch an empty cell or build transportation infrastructure?

The Legislature should consider requiring corrections officials to rein in our sprawling prison system. Fortunately, an Assembly committee last month passed legislation that provides a road map for corrections officials to gradually and practically reduce excess capacity to 2,500, the number they have said they need to maintain operational flexibility. The bill also allows for situations in which the corrections department can make the case that an increase in beds is justified.

We understand that the administration is grappling with a need to invest more in rehabilitation as well as court mandates on prison capacity. The corrections department has struggled for many years to maximize rehabilitation and reduce recidivism. We believe making smart reductions to prison spending will free up more funding for community investment and rehabilitation, making Californians safer.

Assembly Bill 2178 answers the governor’s call for prison capacity reductions driven by data and need. It provides a pragmatic and flexible framework for such decisions. It also aligns with Newsom’s vision of a fiscally prudent, forward-thinking California.

Every dollar we spend on incarceration is one we don’t spend on building homes, supporting students and fighting climate change. With so many vital programs in jeopardy, we have a moral imperative to put the broader needs of Californians ahead of empty prisons.

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Phil Ting is a Democratic Assembly member from San Francisco and the author of AB 2178. Amber-Rose Howard is the executive director of Californians United for a Responsible Budget. ©2024 Los Angeles Times. Distributed by Tribune Content Agency, LL



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