Poverty in Silicon Valley

PovertyInteractive Presentation: The Poor Kids of Silicon Valley (2015). John D. Sutter – Presented in a slide show/video interactive format, this CNN opinion piece focuses its gaze on poverty in one of the wealthiest places in the United States, the Silicon Valley in California. The presentation begins by noting that California’s Silicon Valley is one of the wealthiest places in the United States. Whereas the U.S. median household income is just over $53,000, it exceeds $88,000 and $91,000 in San Mateo and Santa Clara Counties respectively. Mr. Sutter visited Silicon Valley to see what it was like to be poor in an area of significant affluence.

While the focus of the piece is the Silicon Valley, Mr. Sutter notes that poverty is a problem for the entire country, one growing ever more divided. An interesting fact: While the Gross Domestic Product (GDP) in the U.S. exceeds $16 trillion, we have the second highest rate of poverty in the world, surpassed only by Romania. I suppose we should take some cold comfort in the fact that we aren’t the absolute worst.

The presentation introduces viewers to individuals and families impacted by poverty and tells their stories through the compelling use of words, still pictures and video. It points out that the effects of child poverty can last a lifetime, resulting in health (physical and psychological) ailments. Perhaps not surprisingly, children that are raised in poverty are more likely to end up as poor adults. The case is made that poverty is a moral issue since poor kids are not responsible for their parent’s income; and ultimately, poverty is an economic drain on the entire country.

The Poor Kids of Silicon Valley covers an important topic in an interesting, informative way. The presentation is absolutely worth your time.

 

Blogger-in-Chief here at RetirementSavvy and author of Sin City Greed, Cream City Hustle and RENDEZVOUS WITH RETIREMENT: A Guide to Getting Fiscally Fit.

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