Hartford Business Journal Special Editions

United Way IR 2025DigitalUF

Issue link: https://nebusinessmedia.uberflip.com/i/1531086

Contents of this Issue

Navigation

Page 8 of 35

The 2024 Connecticut United Ways ALICE Report revealed there are 13 percent more families experiencing working or extreme poverty than before the COVID- 19 pandemic. In our region alone, 38 percent of families live below the ALICE Household Survival Budget threshold; meaning, more than one in three residents cannot afford the basics. The 2024 ALICE Report also revealed: • Half of the most common occupations in Connecticut paid less than $20 per hour; • Wages are rising, yet the cost of basics vastly outpace these growing wages; • Those living below the ALICE threshold struggle to save money, impeding their ability to afford an emergency bill (such as a car repair or medical bill) or plan for retirement; and, • Financial hardship is taking a toll on mental health – those living below the ALICE Threshold are twice as likely to feel nervous, anxious or on edge daily compared to those living above the ALICE Threshold. UNITED WAY OF CENTRAL AND NORTHEASTERN CONNECTICUT | COMMUNITY IMPACT REPORT 2024 | 9 CLICK HERE for ALICE Report PDF

Articles in this issue

Links on this page

Archives of this issue

view archives of Hartford Business Journal Special Editions - United Way IR 2025DigitalUF