Central Coast residents deeply anxious about their economic situation, Hourglass poll finds

Feb 04, 2020

Central Coast residents deeply anxious about their economic situation, Hourglass poll finds

  • Half of self-described middle-class workers likely to move away in next few years
  • 1 in 3 would have to borrow money to cover a $500 emergency
  • Vast majority doubt that their children will be able to find work and afford to live here

SAN LUIS OBISPO, Calif. — Under pressure from high housing costs and relatively low-paying wages, a

significant percentage of Central Coast residents are struggling to get by, and they are deeply anxious

about their financial future, according to a poll commissioned by the Hourglass Project.

“Despite what feels like good economic times right now, the fact is our local economy has consistently

performed below state and national averages for at least the past two decades,” said Hourglass CEO

Melissa James. “To expand opportunity for all Central Coast residents, we knew we needed to better

understand their day-to-day experiences and challenges, at home, work and beyond.”

“What we found is a workforce that is losing hope, struggling to get by and considering leaving the

area,” James said.

Ty Safreno, CEO of Trust Automation and Hourglass Board Chair, said: “These results are distressing.

People are hurting far worse than we realized, and this deep anxiety is not just a problem for those

families and a weakness in our social fabric; it also signals problems for the entire regional economy,

which already is constrained by many of these issues.”

Sacramento-based SJR Opinion Research designed and conducted the 28-question survey of 540

registered voters ages 18-54 across San Luis Obispo and northern Santa Barbara counties.

Among the key findings:

  • Just one in 529 respondents believes housing is affordable.
  • 1 in every 2 members of the middle class are considering leaving the region, as are 63 percent of

Latinx respondents and 83 percent of African Americans.

  • 1 in 3 respondents say they would need to borrow money or run up credit card debt to cover a

$500 emergency.

  • 56 percent believe the standard of living for middle-class workers is getting worse.
  • 1 in 10 workforce households worry simply about having enough money for food each month; 1

in 5 among Latinx households.

  • 86 percent do not expect today’s young people to be able to afford to live and work on the

Central Coast as adults.

Tim Rosales, President of SJR Opinion Research said: “These survey results are clear. A large number of

the workers on the Central Coast are quite worried about their standing in the local economy and are

considering leaving the area. This survey paints an informative picture about what’s happening in the

hearts and minds of Central Coast residents and the underlying economic challenges that policymakers

in this region need to address.”

The findings indicate that labor shortages across the Central Coast could easily worsen in next few years,

further constraining local economy.

“The survey results confirm the notions that sparked and drove the work of the Hourglass Project over

the last year – that the Central Coast economy is not working as well as we would like for many Central

Coast residents,” Safreno said. “These findings underscore the need for bold action to accelerate growth

of higher-paying jobs, with the ultimate goal of creating an economy that works better for everyone.

That’s exactly what the Hourglass Project is taking on.”

“Toward that better economy,” James said, “Hourglass is putting the finishing touches on a 10-year jobsaction

plan to forge a more resilient, inclusive, regional economy. Hourglass was established to find

solutions, not merely identify problems.”

The jobs action plan will be released in mid-March, James said.

The survey paints a picture of a population living on the edge, scraping from paycheck to paycheck with

little cushion for emergencies or retirement across all socio-economic levels. Not only do most

households worry about covering basic expenses such as rent, utilities and medical bills, a majority are

also under the pressure of significant debt.

“The overwhelming sentiment,” James said, “is that making a life on the Central Coast is difficult and

likely to become untenable for the next generation without a significant course correction.”

These finding are part of a larger survey of 1001 residents in San Luis Obispo and Northern Santa

Barbara County, conducted via phone and online. This analysis is based on the workforce demographic,

ages 18-54, with 540 respondents and a sampling error of plus or minus 4 percentage points.

Find the full survey report at https://hourglassproject.org/wp-content/uploads/2020/02/A-Portrait-ofthe-

About The Hourglass Project

The Hourglass Project launched in November 2018 with the support of a broad-based coalition of

regional business and civic leaders determined to unify the Central Coast region to forge a stronger,

more resilient regional economy. The region includes nearly half a million residents in 10 cities, teo

counties and dozens of community service districts, stretching from Vandenberg Air Force Base in

northern Santa Barbara County through San Luis Obispo County to Camp Roberts in southern Monterey

County.

About SJR Opinion Research

SJR Opinion Research is a Latino-owned, California-based polling and research company that has

measured public opinion throughout the United States and the world. The company conducts strategic

research for leading companies, organizations, non-profits, political candidates and ballot initiatives and

has conducted several opinion research studies on the Central Coast.

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