The Bay Area has the highest median income in the nation and San Francisco has the fastest-growing gap between rich and poor. That economic inequality is on stark display in the very places where the latest technology boom is transforming the city.
The Bay Area is grappling with an accelerating shift in its socioeconomic structure. The rich are getting richer, the poor are getting poorer and the middle-class is, simply, disappearing. In a five-part Cover Story series, KCBS’ Doug Sovern investigates just how hard it is for working-class people to make a living and how quickly American dream for advancement is slipping away.
It comes as no surprise that San Francisco and Oakland are top 10 among major United States cities for the earning gap between the haves and have-nots. However, you may be surprised to hear that San Jose ranks much lower among the 50 largest cities on income disparity, according to a Brookings Institute report.