Nearly half of San Francisco families are financially insecure, report says

Despite San Francisco’s higher-than-average median household income, nearly half of all families in the city have less than $2,000 in savings and are financially insecure, a report released by the nonprofit Urban Institute found.

That makes them more vulnerable to eviction and missed payments in the face of an unexpected job loss or medical bill, the report concluded, which can ultimately come at a cost of tens of millions to the city.