California has the 5th largest economy in the world yet leads the nation in poverty and homelessness

California’s gross domestic product surpassed $2.7 trillion in 2017, reports the Associated Press, an output with places California’s economy ahead of the United Kingdom’s.

California now has the distinction of having the worlds fifth largest economy, a distinction it last held in 2002. According to the AP, California’s economy in recent years has ranked as low as 10th, which it reached in 2012.

While strong economic growth is certainly welcomed news, for far too many Californians, higher GDP numbers have yet to translate to greater prosperity.

In fact, according to the Census Bureau’s Supplemental poverty measure, one in five Californians live in poverty, 20.4 percent to be exact, compared to a national average of 14.7 percent, the highest rate of poverty in the nation.


Read more at the Orange County Register

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