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More than 40% of US households can’t afford household basics

According to a new study by the United Way, 43% of U.S. households can’t afford basics like housing, food, child care, health care, transportation, and a cell phone.

The political implications are profound – or they would be if the Democrats were to pause long enough in their Trump-bashing to highlight economic insecurity as a campaign issue.  But since the Democrats are apparently too stupid to stop their demonization of the president and address an issue near and dear to the hearts of Trump’s base, Republicans may yet hold on to the House.

CNN Money:

The figure includes the 16.1 million households living in poverty, as well as the 34.7 million families that the United Way has dubbed ALICE – Asset Limited, Income Constrained, Employed. This group makes less than what’s needed “to survive in the modern economy.”

“Despite seemingly positive economic signs, the ALICE data shows that financial hardship is still a pervasive problem,” said Stephanie Hoopes, the project’s director.

California, New Mexico and Hawaii have the largest share of struggling families, at 49% each.  North Dakota has the lowest at 32%.

See the full story here.



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