High housing costs ranked among the top concerns for Los Angeles County businesses in BizFed's latest poll. (Photo by Watchara Phomicinda, Inland Valley Daily Bulletin/SCNG)

Working dads in California are grappling with a variety of challenges, according to a report released Monday.

The “2018 Best and Worst States For Working Dads” study ranks California 24th overall, but it landed second from the bottom in social and economic well-being and also fared badly in median family income and child care costs.

The WalletHub report compared the 50 U.S. states and the District of Columbia across 20 key indicators that also include everything from the average length of a workday for men to the work-life balance among working fathers. The data was pulled from the U.S. Census Bureau, Bureau of Labor Statistics, Council for Community and Economic Research and a variety of other sources, including WalletHub’s own research.

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The personal finance website began its best/worst study in 2015. The Golden State’s overall ranking has risen from 41 in 2015 and 35 in 2016 to 24 last year and this year.

California ranked a dismal 49th in social and economic well-being and in median family income in this year’s report. It also has one of the highest unemployment rates (4.31 percent) among dads with children ages 17 and younger, and it ranked 43rd in the category of lowest childcare costs.

Recent figures from the Economic Policy Institute reveal that, despite the state’s overall economic recovery, things are still tight for many residents in Southern California.

A family of two adults and two children in L.A. County, for example, needs to earn $92,295 a year to meet all of its living expenses, according to the institute’s Family Budget Calculator. That far outstrips the county’s median family income of $66,203 per year.

A new report from WalletHub …read more

Source:: The Mercury News – Business


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