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29% of US Households Are Considered 'ALICE': What Does That Mean And Are You One?
In the United States, a term is used to refer to citizens who earn too much to qualify for government schemes but still live in poverty. These households are known as ALICE, which stands for Asset-Limited, Income-Constrained, and Employed.ALICE households face significant challenges in affording necessary expenses such as healthcare, childcare, rent, food, gas, and clothing.According to the U.S. Bureau of Labor Statistics, rent increased by 6.1% between January 2023 and January 2024, while car...