ALICE, an acronym for Asset Limited, Income Constrained, Employed, is a new way of defining and understanding the struggles of households that earn above the Federal Poverty Level, but not enough to afford a bare-bones household budget.
For far too many families, the cost of living outpaces what they earn. These households struggle to manage even their most basic needs - housing, food, transportation, child care, health care, and necessary technology.
When funds run short, cash-strapped households are forced to make impossible choices, such as deciding between quality child care or paying the rent, filling a prescription or fixing the car. These short-term decisions have long-term consequences not only for ALICE families, but for all of us.
We envision a world where all those who work to keep our local economies running can support themselves and their families.
Traditional measures of poverty do not capture the magnitude of people who are struggling financially. Our mission is to make the invisible visible by shining a light on the true number of families struggling in the U.S.
Our new metrics offer a better way to count and understand ALICE, and to ultimately inform policy decisions to affect positive change for this growing portion of our population. Armed with this data, we aim to change the national dialogue about the impact on families, communities, and all of us when financial crisis is the norm for so many.