Recovery: 51 Million U.S. Households Can’t Afford Basics
May 18th, 2018Via: United Way:
There are 50.8 million U.S. households that can’t afford a basic monthly budget including housing, food, child care, health care, transportation and a cell phone, according to new data released by the United Way ALICE Project.
This calculation includes the 16.1 million households in poverty as well as another 34.7 million families called ALICE, which stands for Asset Limited, Income Constrained, Employed. These households earn above the Federal Poverty Level, but less than what it takes to survive in the modern economy. Combined, these households make up 43 percent of America’s 119 million households. The Project compares 2016 household costs versus incomes at the county-level in each state, exposing the failure of calculations based on national averages to accurately represent the extent of financial struggle in America.
