"Half of California’s 6 million renter households are lower income, with more than 1 million extremely low-income renter households. Renters need to earn 2.8 times the state minimum wage to afford average asking rent in California, which increased by 11% since last year."
“More than two-thirds of students whose families are in the lowest quintile of income attend two-year institutions or less. Just four percent of such students attend highly competitive four-year institutions. In contrast, 33 percent of students whose families are in the highest quintile of income attend highly competitive colleges and universities.”
"The majority of students from low-income households attend two year institutions or less. A limited education starts the cycle of unemployment or underemployment, lower credit scores and decreased opportunities for homeownership."