Prosperity for All luncheon is an informative and dynamic event focused on positive solutions for income inequality, poverty and homelessness. We believe everyone deserves a shot at the American Dream, and we know you do too. Join us! 100% of the funds raised go to Hunger for Success ™, a 501c3 nonprofit organization focused on helping individuals achieve higher education and family wage jobs. The event will be held in a modern, private loft in Hollywood and will feature notable speakers. Approximately 100 industry professionals from the business sector as well as local educators will be in attendance.
Los Angeles County ranks 7th out of the nation’s largest 150 metropolitan areas as it relates to income inequality. A study from PolicyLink and USC found a 27% decline in middle-wage jobs between 1990-2012 in industries such as healthcare, wholesale trade, manufacturing and construction. “Over the past several decades, long-standing inequities in our communities have reached unprecedented levels. Addressing these disparities is both a moral and economic imperative for us all” says Fred Ali, president and chief executive of the Weingart Foundation, a partner in the PolicyLink study. According to the California Housing Partnership Corp., median rent – adjusted for inflation – increased 30% in Los Angeles from 2000 to 2015 while median income was flat. The correlation between unemployment, underemployment, lack of education and homelessness is undeniable. As a result, homelessness in Los Angeles has jumped 23% over the last year, increasing for every demographic including families, veterans, youth and the chronically homeless. According to USC School of Social Work, the most notable increase was in young adults ages 18-24, up 64%. The number of homeless Latinos rose 63% and veterans 57%. As of 2017, there are nearly 60,000 persons experiencing homelessness in the Los Angeles area. HUD reports that one quarter of these are children – an unimaginable number. The Los Angeles Homeless Service Authority reports another disturbing statistic; the person experiencing homelessness for the first time has also increased. Research tells us that the most effective approach to breaking the poverty cycle is found in higher education, job training and mentoring.
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