A staggering number of families are “one emergency away” from financial crisis
New reporting from the Anchorage Daily News reveals that “a far greater share of the state’s families and residents are financially struggling than official government statistics suggest,” as “people working full time across a wide range of occupations (…) are unable to afford all of their basic needs” with Dan Sullivan now continuing to jack up Alaskans’ costs.
“Despite Alaskans repeatedly voicing how hard inflation is squeezing them, Dan Sullivan has continued to vote to jack up costs over and over again,” said Alaska Democratic Party Chair Eric Croft. “Sullivan’s record is clear: he’s an out-of-touch millionaire who has sold out Alaska to special interests. Alaskans won’t forget it.”
The report lays out Sullivan’s damage in stark terms:
A new report from Alaska-based organizations and researchers shows that a far greater share of the state’s families and residents are financially struggling than official government statistics suggest.
Under the ALICE definitions, 37% of households in Alaska are not able to afford the state’s cost of living. That includes roughly 24,000 Alaska households at or below federal poverty levels, along with 77,466 additional households that make below minimum levels under the ALICE standards.
The United Way of Anchorage called the report “the most comprehensive depiction of financial need in the state to date,” shining “a spotlight on the staggering number of hardworking Alaskans who work low-paying jobs, have little or no savings, and are one emergency away from crisis.”
Based on an analysis of median costs and expenses in Alaska, it takes a family of four with two children enrolled in childcare $98,364 to pay for their basic needs.
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