California Gov. Gavin Newsom Pressed On Families Fleeing Over 'Highest Cost Of Living' As He Defends State As 'Fourth-Largest Economy In The World'

Benzinga_recent_news

Feb 27

Families are leaving California as expenses mount. A couple who moved to Nashville because they could not pay the rent, purchase a home or start a family in California became the focal point of a ...

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Gavin Newsom Pressed On Families Fleeing Over 'Highest Cost Of Living' As He Defends State As 'Fourth-Largest Economy In The World'","media":"Benzinga_recent_news","content":"<div>\n<p>Families are leaving California as expenses mount.\nA couple who moved to Nashville because they could not pay the rent, purchase a home or start a family in California became the focal point of a ...</p>\n\n<a href=\"https://www.benzinga.com/personal-finance/management/26/02/50902015/california-gov-gavin-newsom-pressed-on-families-fleeing-over-highest-cost-of-living-as-he-defends-state-as-fourth-largest-economy-in-the-world\">Source Link</a>\n\n</div>\n","source":"benzinga_recent_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>California Gov. 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Gavin Newsom Pressed On Families Fleeing Over 'Highest Cost Of Living' As He Defends State As 'Fourth-Largest Economy In The World'\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-02-27 02:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/personal-finance/management/26/02/50902015/california-gov-gavin-newsom-pressed-on-families-fleeing-over-highest-cost-of-living-as-he-defends-state-as-fourth-largest-economy-in-the-world><strong>Benzinga_recent_news</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Families are leaving California as expenses mount.\nA couple who moved to Nashville because they could not pay the rent, purchase a home or start a family in California became the focal point of a ...</p>\n\n<a href=\"https://www.benzinga.com/personal-finance/management/26/02/50902015/california-gov-gavin-newsom-pressed-on-families-fleeing-over-highest-cost-of-living-as-he-defends-state-as-fourth-largest-economy-in-the-world\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BGHQF748.EUR","symbol_name":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (EUR) ACC","start_time":0,"source_url":"https://www.benzinga.com/personal-finance/management/26/02/50902015/california-gov-gavin-newsom-pressed-on-families-fleeing-over-highest-cost-of-living-as-he-defends-state-as-fourth-largest-economy-in-the-world","article_id":"2614270740","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2026/02/26/Tech-peers-shaped-Newsom-.jpeg?optimize=medium&dpr=2&auto=webp&width=240"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/personal-finance/management/26/02/50902015/california-gov-gavin-newsom-pressed-on-families-fleeing-over-highest-cost-of-living-as-he-defends-state-as-fourth-largest-economy-in-the-world","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2614270740","pubTimestamp":1772130120,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"A couple who moved to Nashville because they could not pay the rent, purchase a home or start a family in California became the focal point of a broader affordability debate on CNN's \"State of the Union,\" where host Dana Bash recently asked Democratic Gov. Gavin Newsom about affordability in the state.The state has the ‘highest cost of living' in the nation, with prices 11% higher than the national average, Bash said.“Yes, we have had hundreds of thousands of people move into California,\" Newsom said. \"The last two, three years, we have seen population growth. As you know, we moved from six to the fourth-largest economy in the world.”He said that California leads in industries including artificial intelligence, quantum technology, robotics, agriculture, forestry and manufacturing.Newsom acknowledged that housing remains a major obstacle in addressing affordability.As Newsom weighs a possible 2028 presidential bid, his policy record and leadership are drawing heightened scrutiny, accord","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00BGHQF748.EUR":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (EUR) ACC","BK4135":"资产管理与托管银行","IE00B64PRP62.GBP":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (GBP) ACC","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","BK4588":"碎股","LU1894683348.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) INC","LU1883839398.USD":"AMUNDI FUNDS INCOME OPPORTUNITIES \"A2\" (USD) ACC","STT":"道富银行","BK4585":"ETF&股票定投概念","IE00B3QW5Z07.USD":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (USD) ACC","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU1894683264.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) ACC"},"translate_title":"加州州长加文·纽瑟姆向因“最高生活成本”而逃离的家庭施压，他为该州是“世界第四大经济体”辩护","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"STT":1.5},"content_text":"Families are leaving California as expenses mount.\nA couple who moved to Nashville because they could not pay the rent, purchase a home or start a family in California became the focal point of a broader affordability debate on CNN's \"State of the Union,\" where host Dana Bash recently asked Democratic Gov. Gavin Newsom about affordability in the state.\nThe state has the ‘highest cost of living' in the nation, with prices 11% higher than the national average, Bash said.\n“Yes, we have had hundreds of thousands of people move into California,\" Newsom said. \"The last two, three years, we have seen population growth. As you know, we moved from six to the fourth-largest economy in the world.”\nDon't Miss:\nHe said that California leads in industries including artificial intelligence, quantum technology, robotics, agriculture, forestry and manufacturing.\nHe told CNN that California subsidized more than 300,000 childcare slots, more than any other state, and that 65% of University of California and California State University graduates leave with zero debt. He added that the state established a $25 minimum wage for healthcare workers and a $20 minimum wage for fast-food workers.\n“So, we’re looking at it from both sides,” he said, referencing expanded paid sick leave and eight weeks of paid family leave under what he called a \"parents' agenda.\"\nTrending: Motley Fool's analysts have built a new lineup of passive ETFs — explore which \"Foolish\" strategy fits your investment goals.\nNewsom acknowledged that housing remains a major obstacle in addressing affordability.\nHe told CNN that California recently moved forward with what he called historic housing reforms, adding that critics, including New York Times columnist Ezra Klein, recognized the changes as among the most progressive and impactful changes in a generation.\nAs Newsom weighs a possible 2028 presidential bid, his policy record and leadership are drawing heightened scrutiny, according to the Associated Press.\nSee Also: Before the IPO: How One Company Quietly Locked Up 500+ Iconic Character Rights\n“We’re as dumb as we want to be on housing, and we haven’t been able to get out of our way,” Newsom said.\nFor residents navigating rising costs, the debate often extends beyond policy and into personal financial decisions. Investment strategy can become part of long-term planning as households reassess budgets and savings goals.\nREX Shares offers exchange-traded funds focused on options-based income strategies, leveraged and inverse products, and crypto-related themes for investors seeking exposure beyond traditional index funds.\nRead Next: Explore the Fire-Safe Energy Storage Company With $185M in Contracted Revenue\nImage: Imagn\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}