Tuesday, October 23, 2018
Are you familiar with the United Way's ALICE Report for New Jersey? ALICE -- an acronym for Asset Limited, Income Constrained, Employed -- refers to households with incomes above the poverty level but who struggle to afford basic household necessities. This year's ALICE Report (available here) was released last week. It is worth noting that, in 2016, over 1.2 million households in New Jersey -- 38.5 percent -- could not afford basic needs such as housing, child care, food, transportation, health care and technology. This is a 15% increase as compared with 2010. Additionally, the basic cost of living increased 28% between 2010 and 2016. See the ALICE Report to delve more deeply into these and other statistics.