SARASOTA, Fla. (WWSB) – United Way Suncoast, in collaboration with United For ALICE, has updated its data, reflecting a growing increase in households living below the ALICE threshold.
ALICE (Asset-Limited, Income Constrained, Employed) households stand above the federal poverty line but largely live paycheck to paycheck and stand one unexpected expense away from dire circumstances.
In Sarasota, the latest ALICE data revealed that the household survival budget for a family of four with an infant and a toddler ballooned to $104,424. A survival budget reflects the minimum cost to live and work in today’s economy and includes housing, child care, food, transportation, health care, and a basic smartphone plan…