Michael Izzo , @MIzzoDR4:40 p.m. ET Jan. 16, 2017
Rising costs are putting basic necessities out of reach for 37 percent or 1.2 million New Jersey households, according to the United Way ALICE Report released by United Way of Northern New Jersey.
“ALICE – Asset Limited, Income Constrained, Employed; Study of Financial Hardship” shows that the minimum costs to survive in New Jersey rose by 23 percent since 2007, outpacing the rate of inflation of 14 percent. The report finds that it costs a single adult $24,300 to survive annually and $64,176 for a family of four with two children under the age of five.
