Report: CT’s cost of living too high for 40% of households

By Joe Cooper August 27, 2018

Connecticut’s high costs of living are taking a major bite out of family earnings. A new report says 40 percent of Connecticut households are earning less than what is needed to run a family: housing, health care, food, child care, technology and transportation.

The Asset Limited Income Constrained Employed (ALICE) report by Connecticut United Ways says 30 percent of families (404,035) earn more than the federal poverty line but under a basic cost-of-living threshold. These households are known as ALICE.

Including households living in poverty, 40 percent (538,529) of Connecticut families are unable to afford housing, food, health care, child care, technology and transportation, according to the report, which draws from the U.S. Census and the American Community Survey. Connecticut families must earn almost $78,000 a year to run a household of four including one infant and one toddler.

Continue reading: Hartford Business Journal