Kashkari’s claim: California is No. 1 in poverty.
The truth: California’s poverty rate is the nation’s highest when using an alternative calculation that includes the cost of living. Using this formula, the U.S. Census Bureau in November reported a poverty rate in California of 23.8 percent. By the Census Bureau’s traditional calculation, which does not include cost of living, California’s poverty rate is 16.5 percent. That is slightly higher than the national rate, but more than a dozen states suffer higher poverty rates when using this formula.