43 Percent of American Households Can’t Afford Basic Needs

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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