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Stephanie Hoopes, Peter Kilde, Marc Perry, Dalitso Sulamoyo: “Poverty Blind” | Reality Roundtable #7

The Great Simplification with Nate Hagens

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The Concept of ALICE: Understanding the Financial Struggles Faced by American Households

In this chapter, the speakers introduce the concept of ALICE (Asset Limited Income Constrained Employed) and discuss how it represents households that earn above the federal poverty level but below the household survival budget. They highlight the limitations of the federal poverty level measurement, emphasize regional differences in the cost of living, and dispel myths about who is struggling. They argue that the issue of poverty in the US is a structural problem where the cost of living exceeds wages in many areas.

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