More than 40 percent of Texans are one even minor catastrophe away from being unable to afford even the most basic needs, the United Way’s report on asset limited, income constrained, employed (or, ALICE) households revealed last week.
The most recent ALICE report looks at how many in each state and county lived below its threshold in 2016.
“The ALICE Threshold is the bare-minimum economic survival level that is based on the local cost of living in each area,” the United Way said. The average person that falls under that threshold earns above the Federal Poverty Level, but not enough to afford even the most bare-bones of budgets that account for housing, child care, food, transportation, health care, and necessary technology.
Statewide, about 42.1 percent have a hard time making ends meet, the report revealed, which is a much larger number than the state’s 14 percent poverty rate. (more…)