Wealth Disparities Balloon: Working Poor, Our Students' Parents, Have Hard Time
(Graphic above: source – Economic Analysis and Research Network.)
A recent San Francisco Chronicle article highlights a new study by the Economic Analysis and Research Network that finds the income disparity between the wealthy and everyone else in California has grown.
The state now stands 17th nationally in terms of income disparity, with the top 1 percent averaging $1.2 million annually, versus $46,000 for everyone else.
The Chronicle article points out that the issue of the working poor is becoming an important one in the 2014 elections.
The disparities are important to CTA members. In fact, a key element of the Association’s mission statement addresses these issues: “The California Teachers Association exists …to advance the cause of free, universal, and quality public education; to ensure that the human dignity and civil rights of all children and youth are protected; and to secure a more just, equitable, and democratic society.”
In practical terms, the ability of families of students to afford food, shelter, and medical care impacts the ability of youngsters to learn.
At the same time, CTA encourages our members to take advantage of CTA-provided investment tools and strategies that will help them manage their own finances.