Entity: ALICE-THRESHOLD
ALICE-THRESHOLD refers to the minimum average income that a household needs to afford basic costs, calculated for all U.S. households. The term ALICE stands for Asset Limited, Income Constrained, Employed, representing families who work but struggle to afford necessities. THRESHOLD, in this context, signifies the financial survival point derived from the Household Survival Budget.
ALICE-THRESHOLD
Etymology
ALICE-THRESHOLD is a term derived from the combination of ALICE, which stands for Asset Limited, Income Constrained, Employed, and THRESHOLD, representing the minimum average income needed for a household to afford basic costs.
Definition
ALICE-THRESHOLD refers to the minimum average income that a household needs to afford basic costs, calculated for all U.S. households. It signifies the financial survival point derived from the Household Survival Budget.
Historical Context
The term ALICE was coined in 2012 by the United Way of Northern New Jersey to describe households in the United States who earn more than the Federal Poverty Level but not enough to be economically secure. The ALICE Income Assessment tool measures the income gap faced by these households.
Cultural Significance
ALICE-THRESHOLD represents the growing number of families who are working but unable to afford basic necessities such as housing, child care, food, transportation, health care, or technology. It sheds light on the financial challenges faced by many employed individuals and families in the U.S.
Related Concepts
ALICE, Asset Limited, Income Constrained, Employed
See Also
A financial benchmark representing the minimum average income required for a household to afford basic costs, calculated for all U.S. households.