Friday, May 18, 2018
Nearly 51 million households don't earn enough to afford a monthly budget that includes housing, food, child care, health care, transportation and a cell phone, according to a study released Thursday by the United Way ALICE Project. That's 43% of households in the United States. The figure includes the 16.1 million households living in poverty, as well as the 34.7 million families that the United Way has dubbed ALICE -- Asset Limited, Income Constrained, Employed. This group makes less than what's needed "to survive in the modern economy." Many of these folks are the nation's child care workers, home health aides, office assistants and store clerks, who work low-paying jobs and have little savings
"For too long, the magnitude of financial instability in this country has been understated and obscured by misleading averages and outdated poverty calculations," said John Franklin, president of the Projectand CEO of United Way of Northern New Jersey. "It is morally unacceptable and economically unsustainable for our country to have so many hardworking families living paycheck to paycheck. We are all paying a price when ALICE families can't pay the bills."
Admin's note: Participants in this discussion must follow the site's moderation policy. Profanity will be filtered. Abusive conduct is not allowed.