A VIBRANT LOCAL ECONOMY, including jobs and opportunities for growth, creates an environment where people can afford to make ends meet and have the opportunity to achieve all they hope to accomplish.
INCOME VARIES DRAMATICALLY ACROSS THE CITY...
Income Inequality
Income inequality affects wellbeing. Studies have shown that Americans are happier when income inequality is low.
Source: U.S. Census, ACS, 2014
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Economic Worries
of Santa Monicans report at least one economic worry
Economic Worries
Being able to make ends meet, to keep a roof over your head and not being worried about bills are indicators of economic security.
Source: Santa Monica Wellbeing Survey, 2014
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Economic Opportunity
Feeling like you can advance and build long-term economic stability is key to wellbeing. In addition, it is important to have options for professional growth.
Economic Diversity
Economic Diversity
A diverse economy supports wellbeing by reducing the risks of economic difficulty and ensuring the goods and services people want and need are within easy reach.
Source: City of Santa Monica Economic Development Department, 2014
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