Did you know that in Florida, 67 percent of jobs pay less than $20 per hour, with three-quarters of those paying less than $15 per hour? Another 27 percent of jobs pay between $20 and $40 per hour? Yet, a bare-minimum Household Survival Budget for a family of four in Indian River County is an annual income of $50,448 according to the newest United Way ALICE Report. That does not include any savings, leaving the household vulnerable to unexpected expenses.
ALICE represents those who work hard and are above the poverty line, but due to high costs and factors often beyond their control, must live paycheck to paycheck. For many, a small emergency can quickly become a major financial crisis. Car repairs and health care emergencies, to name just a few, can plunge these working families over the edge into poverty and financial chaos. When this happens, families, employers, and our economy suffer.