In Miami, a recent report highlights a troubling trend in Florida, where one-third of households experience limited asset ownership and income. Despite earning above the federal poverty line, many families struggle to afford basic necessities in their communities. This study, conducted by the non-profit organization United Way, particularly emphasizes the impact on Hispanic and Black households, which are the most affected demographics.
According to official U.S. data, about 33% of Florida households are barely making ends meet as defined by the ALICE index (Asset Limited, Income Constrained, Employed). The report urges a reassessment of the socio-economic conditions in the state, especially since the aftermath of the pandemic has left many families in precarious financial situations.
In 2022, Florida continued to be "underestimated" by official measures, even though many residents were grappling with economic challenges stemming from the pandemic. In addition to the ongoing repercussions of COVID-19, families faced rising inflation and the expiration of pandemic-related assistance. These issues have particularly impacted households that fall below the ALICE survival threshold.
From 2021 to 2022, the number of ALICE households jumped by 182,493, bringing the total to 33%. This marks an acceleration in a decade-long trend of increasing economic hardship among this population. The United Way report also indicates a slight rise in the number of households living in poverty, with an increase of 7,121, keeping the overall figure at 13% of all households in the state.
Out of approximately 8.8 million households in Florida in 2022, about 4.06 million—or 46%—were below the ALICE limit. The financial struggles faced by these households significantly vary based on race and ethnicity due to persistent systemic racism, discrimination, and geographical barriers that limit access to resources and opportunities for financial stability.
The statistics further reveal that in 2022, 60% of Black households and 52% of Hispanic households in Florida fell below the ALICE threshold. In comparison, only 41% of white households and 38% of Asian households faced similar challenges. The pandemic’s effects have disproportionately impacted Black and Hispanic households, particularly in terms of health and employment.
This data sheds light on the urgent need for policy interventions to address these disparities and improve the economic conditions of households struggling in Florida.
For more information about the ALICE index and its implications in Florida, check out United Way’s report.
Image and News Source: https://es-us.noticias.yahoo.com/deportes/tercio-hogares-florida-apena-sobrevive-190947727.html
