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Alice

Wednesday, September 5, 2012

Recession Hurting Verona, Cedar Grove Families

Nearly 1 in 5 local households struggle to afford basic necessities, according United Way of Northern New Jersey data.

Almost 1 in 5 Verona and Cedar Grove households struggle to afford basic necessities, despite having working adults in the home, according to Molly Rennie of United Way of Northern New Jersey. Almost half of Essex County families are also scrimping and cutting corners to live within their means, according to a report released by United Way of Northern New Jersey Monday. The report, known by the acronym ALICE, or “Asset Limited, Income Constrained, Employed,” shows 43% of Essex County families earn more than the U.S. poverty level, but less than the basic cost of living.  “The premise is if a family is not meeting the minimum household survival number,” Rennie said, “it is struggling to make ends meet.” The report reveals an Essex County …

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