For far too many families, the cost of living outpaces what they earn. These households struggle to manage even their most basic needs – housing, food, transportation, child care, health care, and necessary technology.
When funds run short, cash-strapped households are forced to make impossible choices, such as deciding between quality child care or paying the rent, filling a prescription or fixing the car.
A.L.I.C.E., an acronym for Asset Limited, Income Constrained, Employed, is a new way of defining and understanding the struggles of households that earn above the Federal Poverty Level, but not enough to afford a bare-bones household budget. These short-term decisions have long-term consequences not only for ALICE families, but for all of us.