New Study Suggests Many Lubbock Households Struggling Financially
A recent study from United Ways of Texas claims that 48% of Lubbock County households may be struggling financially. KAMC News’ Matthew Stell reports the study highlights households classified as ALICE, meaning Asset Limited, Income Constrained, and Employed.
According to the study titled ‘ALICE IN Texas: A Financial Hardship Study’, ALICE households earn enough to be above the poverty line but still struggle financially and usually live paycheck to paycheck.
Devin McCain, Community Impact Director for Lubbock Area United Way, told KAMC News in an interview, “The cost of living, for instance, when it talks about those basic household essentials like food, transportation, healthcare; those have been increasing about 3.4% in cost annually verses when you look at inflation, which is about 1.8%.”
The ALICE study claims that 30% of Lubbock County households are classified as ALICE and 18% live below the poverty line. In the same study conducted in 2018, United Ways of Texas claimed that only 28% of households were classified as ALICE and 14% lived below the poverty line.