Almost half of US families can’t afford basics like rent and food

Source: CNN

The economy may be chugging along, but many Americans are still struggling to afford a basic middle class life.

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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.”

“Despite seemingly positive economic signs, the ALICE data shows that financial hardship is still a pervasive problem,” said Stephanie Hoopes, the project’s director.

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3 replies

  1. The unemployment rate is a fake figure. (because after some time the ‘cases’ are taken out as ‘no longer employable’). Or am I wrong in this assumption?

  2. What is worse? The Malaysian PM hoarding wealth for his family and friends or the US not taking care of its poor? wasting so much money on foreign military adventures. killing people and making its shareholders of the arms industry rich. – Same thing I would say.

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