Empowering Cycle Breakers
Inaugural ALICE Summit brings inspiration
At the inaugural ALICE Summit, Feb. 28, 2023, a woman shared her story of being a cycle breaker. She boldly proclaimed that she is the first homeowner in her family, adding, “and I’m breaking the generational cycle of poverty.”
ALICE households (Asset Limited, Income Constrained, Employed) earn more than the Federal Poverty Level, but less than what it costs to live and work in the modern economy. They often struggle to afford basic needs, such as housing, food, healthcare, childcare, technology and transportation. This makes saving for a rainy day difficult and saving for a downpayment on a house nearly, if not, impossible.
Click here to read the full column from the Daily Sun.
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