16 May 2018

Above Poverty, Working Hard & Still Struggling

A United Way study, to be released publicly Thursday, suggests that the economically forgotten are a far bigger group than many studies assume . . . and it appears to be growing larger despite the improving economy.
That's an exclusive about an hour ago from Axios
Exclusive: 40% in U.S. can't afford middle-class basics
Image result for Poverty vs. income-constrained householdsQuick take: The study, conducted by United Way, found a wide band of working U.S. households that live above the official poverty line, but below the cost of paying ordinary expenses. Based on 2016 data, there were 34.7 million people in that group — double the 16.1 million who are in actual poverty, project director Stephanie Hoopes tells Axios.
> At a time of rock-bottom joblessness, high corporate profits and a booming stock market, more than 40% of U.S. households cannot pay the basics of a middle-class lifestyle — rent, transportation, child care and a cellphone, according to a new study.
> These are households with adults who are working but earning too little — 66% of Americans earn less than $20 an hour, or about $40,000 a year if they are working full time.
When you add them together with the people living in poverty, you get 51 million households. "It's a magnitude of financial hardship that we can't been able to capture until now," Hoopes said.
Link to United Way ALICE Study  Click Here

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