The full scope of American Poverty…

It’s 40% of households, per the Axios article below, when you add ALICE families onto those in basic poverty.  ALICE means “Asset-Limited, Income-Constrained, Employed”.  ALICE households earn above the federal poverty level, but not enough to afford a bare-bones household budget of housing, child care, food, transportation, and health care, per the United Way, whose data underpins the Axios article below.  Note that the United Way study is only selected states.  Our own research puts the nationwide figure at around 30%, based on those under the federal poverty line, plus those under 150% of the poverty line, but our figures are dated.  Either way, this is an astoundingly high level of economic malaise, and meshes well with other studies showing that 46% of Americans couldn’t cope with a $400 emergency, unless they borrowed.