Latest news with #ALICEThreshold
Yahoo
23-05-2025
- Business
- Yahoo
38% households in Charleston, Berkeley, and Dorchester County struggle to make ends meet, study says
CHARLESTON, S.C. (WCBD) – Nearly 40% of households in the tri-county are struggling to cover the cost of basic needs, according to a new report from Trident United Way and its research partner United For ALICE. These households in Charleston, Berkeley, and Dorchester counties were considered to be living in poverty or are ALICE: Asset Limited, Income Constrained, Employed. ALICE households do not make enough to afford basic expenses in the county where they live, but earn more above the Federal Poverty Level. Data from Trident United Way and United For ALICE reveals that in 2023, 38% of households, 130,360 families, could not afford basic needs. 11% were living in poverty, and 27% were ALICE. The study states that thousands of households, particularly those led by single parents, are living paycheck to paycheck with incomes that fall short of covering the costs of food, transportation, healthcare, technology, and housing. According to their research, a family of four with an infant and preschooler needs $89,904 annually to meet the cost of living in the area. 'This means entire families and essential workers may be overlooked for support, left without the resources they need to stay healthy, achieve financial stability and reach their fullest potential. That's a loss not just for ALICE households, but our entire community,' said D.J. Hampton, Trident United Way President and CEO. The State of ALICE in South Carolina report also states that in 2023: South Carolina ranked 34th in financial hardship among all 50 states and D.C. Younger and older households faced the highest rates of financial strain, with 69% of the youngest and 51% of the oldest households living below the ALICE Threshold, compared to 37% of households led by someone aged 25-44. Housing costs remain a major burden: 66% of renters and 43% of homeowners living below the ALICE Threshold were housing cost-burdened, meaning they spent 30% or more of their income on housing. 'By providing a name and a way to quantify these households, we're equipping communities with the data to build solutions that offer better choices and real pathways to stability,' said Stephanie Hoopes, Ph.D., National Director at United For ALICE. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
02-03-2025
- Business
- Yahoo
Study reveals one in three NC households struggled to afford basics
CARY — There were 1.8 million NC households unable to afford the state's $78,576 average cost of living in 2022, according to the ALICE Report released earlier this week. A Study of Financial Hardship places a spotlight on what United For ALICE calls the ALICE population — households earning more than the official Federal Poverty Level, but less than the cost of basics such as housing, childcare, food, transportation, health care, technology and taxes. ALICE stands for Asset Limited, Income Constrained, Employed — a large population of hardworking residents who work at low-paying jobs, have little or no savings and are one emergency away from falling into poverty. The Report is the most comprehensive depiction of financial need in the state to date, using the latest data from a variety of sources, including the U.S. Census. The Report unveils new measures, based on 2022 income levels and expenses, that quantify how many NC households are struggling financially, and why. In 2022, a total of 1.3 million NC households fell into the ALICE population. This number was more than double the official poverty rate, which accounted for another 550,000 households in the state. Combined, ALICE households and households in poverty made up the population below the ALICE Threshold of Financial Survival and accounted for 43%% of all households in North Carolina. 'ALICE is the recent college graduate unable to afford to live on their own, the young family strapped by childcare costs and the underemployed mid-career professional,' said United Way of North Carolina CEO Brittany Pruitt Fletcher. Households below the ALICE Threshold span all races, ages and genders, yet for certain groups, the struggle is disproportionate. For example, 58% of Black and 54% of Hispanic households in North Carolina were below the ALICE Threshold in 2022, compared to 38% of white households. Because wages had stagnated for a decade, 36% of the state's 114,630 retail sales workers — one of the most common occupations — lived below the ALICE Threshold in 2022. One third of North Carolina's 100 counties had 40% of households unable to make ends meet in 2022. The average income needed to survive in North Carolina depends on local conditions and ranged from $28,000 to $78,500 annually for a family of four, more than double the official U.S. poverty level. ALICE families have been facing higher levels of inflation for more than a decade. The ALICE Report for North Carolina was funded in part by Carolinas Credit Union Foundation. For more information or to find data about ALICE in local communities, visit
