40 percent of families in our region struggle to make ends meet. ALICE is a United Way coined acronym that stands for Asset Limited, Income Constrained, Employed. ALICE families are working, in some cases multiple jobs, but are still living below the basic cost of living in Connecticut – now known as the Household Survival Budget.
As a result, ALICE households are walking a financial tightrope. ALICE households often have a difficult time establishing savings and are vulnerable to unexpected expenses, such as medical emergencies or car repairs.