Did you know that 35% of the households in our state are struggling to afford basic household necessities? These families live from paycheck to paycheck, so close to the edge that any crisis — an illness, a car repair — can send them over the brink into poverty and, potentially, homelessness. They are ALICE: Asset Limited, Income Constrained, Employed.
A research study conducted by United Way in six states collected data on these households, using a real-world formula to calculate the ALICE “threshold”: the minimum income needed in our state for basic economic survival. On March 10, United Way of Connecticut and the Connecticut Commission on Children presented a forum at the Legislative Office Building to discuss the challenges faced by ALICE households and develop policy changes to support them.
Liberty Bank President and CEO, Chandler Howard, was among the presenters, since ALICE has always been the target population of our foundation’s grantmaking. He pointed to the Workpath Fund, which provides one-time grants to remove barriers to employment for parents, and to summer employment programs for low-income youth as ways of helping ALICE families to build income. You can learn more here about ALICE in your town.