Almost half the residents of Florida, including much of the state’s glitzy southern half, are barely getting by, living below the federal poverty level or struggling to pay for food, housing, childcare and other basic needs, according to a United Way study released Tuesday.
Dubbed the ALICE report, the study looks closely at the working poor — those people squeezed between the nation’s poorest and its middle class, often overlooked and living paycheck-to-paycheck. Statewide, about 2.1 million households fall into the category, the report found. In Miami-Dade County, the rate is even higher: 21 percent of households live below the federal poverty level and an additional 29 percent can’t afford a “survival budget.”
In Broward and Monroe counties, the numbers are almost as bleak, with 47 and 48 percent living below the poverty level or scrambling to cover basic needs, according to the report. Story here.
They attribute the swelling ranks of the poor to a variety of reasons.
More than half of the jobs in Florida pay less than $15 an hour, with the greatest growth in the job market projected for low-paying retail and service industry jobs. Almost half of households — 48 percent — don’t have enough savings or liquid assets to survive three months without a paycheck. And the state’s aging population means even more residents are likely to slip into poverty.
The state’s demographics don’t offer much hope: Only 27 percent of residents older than 25 hold a bachelor’s or advanced degree.