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Saturday, May 19, 2018

Economic security

43 Percent of American Households Can’t Afford Basic Needs
Donald Trump may be celebrating the fact that America’s unemployment rateis at its lowest level in nearly two decades, but that’s not enough for the alarming number of American families still struggling to put food on the table and pay their rent.
On Thursday, the United Way’s ALICE project released a study showing, as CNN reports, “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.”
These numbers include both the 16.1 million families living at or below the federal poverty line (currently $24,600 for a family of four) and the 34.7 million families the United Way calls ALICE, or Asset Limited, Income Constrained, Employed. This means people who earn too much to qualify for federal poverty programs but are still unable to cover their monthly expenses.

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