Posted 1/12/2024, 11:23:00 AM
San Francisco Struggling More than NYC, Says JPMorgan's Dimon; Population Falling Amid High Costs
- San Francisco "is in far worse shape than New York," says JPMorgan CEO Jamie Dimon
- Dimon says San Francisco needs more affordable housing to attract workers and create jobs
- San Francisco's population fell 7.5% during the pandemic as people left due to high rents, crime, etc.
- The city's unemployment rate has risen but is equal to the US average
- San Francisco still has twice the US' average per capita income and more college graduates