When 43% of Americans Can’t Pay for Food and Rent, We Can Safely Say the Economic Collapse Is HERE
by Daisy Luther
TheOrganicPrepper.com
May 21, 2018
You know all those reports about how lots of Americans can’t afford a $1000 surprise expense like a medical bill or a car repair? Well, forget additional expenses. It turns out that nearly half of the families in America are struggling to pay for food and rent. And that means that the economic collapse isn’t just “coming.” It’s HERE.
United Way has done a study on a group of Americans they call ALICE: Asset Limited, Income Constrained, Employed. The study found that this group does not make the money needed “to survive in the modern economy.”
ALICE is your child care worker, your parent on Social Security, the cashier at your supermarket, the gas attendant, the salesperson at your big box store, your waitress, a home health aide, an office clerk. ALICE cannot always pay the bills, has little or nothing in savings, and is forced to make tough choices such as deciding between quality child care or paying the rent. One unexpected car repair or medical bill can push these financially strapped families over the edge.
ALICE is a hardworking member of the community who is employed yet does not earn enough to afford the basic necessities of life.
ALICE earns above the federal poverty level but does not earn enough to afford a bare-bones household budget of housing, child care, food, transportation, and healthcare. (source)
The media page of the ALICE website is jammed with headlines that are all too familiar for many Americans:
Report: Michigan makes little progress in lifting working poor to financial stability
After a decade of tax cuts — Ohioans in financial hardship
Louisiana families work hard, but still can’t cover necessities
44 percent of Florida households, mostly working poor, struggling to meet basic needs
Third of New Jersey households can’t afford basic necessities
42 percent of Wisconsin households struggle to pay bills
And on and on and on…
The economic collapse of America is here.
The Rest…HERE
