At a minimum, economic well-being refers to the ability to support the basic cost of living and have the choice in how to spend financial resources. Ideally, a sense of security and satisfaction regarding personal finances, confidence to meet future financial goals, the ability to absorb unexpected expenses as well as build and maintain financial assets is also included. This page includes information on a number of influencing factors.
The trajectory of an individual’s economic well-being begins in childhood. A child raised in a family that earns the least will face challenges in moving towards a higher income level as an adult. Specifically, the odds of a child born to a family earning in the bottom one-fifth of income later earning in the top one-fifth as an adult is only 4%.
To learn more about just some of the factors that impact those odds, visit our Social Mobility page.
Median Household Income
When workers are unemployed, workers and their families lose wages and resources. Economic and psychological stress resulting from job loss can decrease stability and harm overall well-being.
For additional labor force and unemployment rates, select the date box and choose a month.
Ventura County Labor Force and Unemployment Rate
Labor Market Data from the Employment Development Department
In alignment with the U.S. economy, California’s unemployment rate has remained at record low levels. However, despite low unemployment, many Californian’s struggle with part-time and/or low-wage work. Young adults and workers with lower levels of education comprise a disproportionate share of low-wage workers.
To learn more about low-wage work in California, visit UC Berkeley Labor Center.
Disclaimer: The information displayed was created by outside data sources. All maps are for informational purposes only and should not be used for legal, engineering, or surveying purposes. The county does not warrant the accuracy of this information, and no decision involving a risk of economic loss or physical injury should be made in reliance hereon.