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Noteworthy, Concerning Facts & Figures about California

Wage increases are lagging spending increases. This is a classic sign of upcoming recession.


Residents of Chicago are technically on the hook for more than $250 billion in debt issued by four different government agencies.




One-third of Millennials and Gen Xers have already used money for expenses, survey finds.

 

Schedule of Upcoming Financial Burdens

  1. Nov. 1, 2017: car tax rises 19 cents a gallon
  2. Jan. 1, 2018: minimum wage rises to $11 an hour
  3. Jan. 1, 2019: minimum wage rises to $12 an hour
  4. Jan. 1, 2020: minimum wage rises to $13 an hour
  5. Jan. 1, 2021: AB 398 cap-and-trade gas tax could raise gas taxes as much as 63 cents per gallon (per the Legislative Analyst’s March 29, 2017 letter)
  6. Jan. 1, 2021: minimum wage rises to $14 an hour
  7. Jan. 1, 2022: minimum wage rises to $15 an hour
  8. Jan. 1, 2031: AB 398 cap-and-trade gas tax could raise gas taxes as much as 73 cents per gallon (per the Legislative Analyst’s March 29, 2017 letter)

 

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