Though wages for the lowest paid jobs have risen across the country at the fastest rate in four decades, the number of households struggling to get by in Connecticut grew by more than 10,000 from 2021 to 2022. As a result, a total of 563,512 households or 39% were living paycheck to paycheck, according to a new Update from United Way of Connecticut and its research partner United For ALICE.
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United Way's ALICE in the Crosscurrents: An Update on Financial Hardship in Connecticut shows that while wages were increasing, so too were costs. For a family of four with an infant and a preschooler, the basic costs to live and work in Connecticut, excluding tax credits, rose from $106,632 in 2021 to $113,520 a year later. Compounding the issue in 2022 was the loss of up to $15,000 in federal child tax credits and stimulus payments that this family had access to in 2021.
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Kristen Jacoby Jered Bruzas Renee Young Kay (Karen) Mello Logan Smith Yarixa Lopez