A record number of Miamians can’t make ends meet. Why that’s a risk for everyone

In Florida, the cost of essential purchases, like groceries, increased even faster than the national average. Brandon Bell Getty Images

By Max Klaver

A record number of Miami-Dade families are living paycheck to paycheck, a new report has found. North of a half-million county households — 563,947 to be exact — are struggling to make ends meet, according to new data from United Way. That’s 56% of all Miami-Dade households, a two-percentage-point increase from last year and the highest rate in a decade.

United Way calls those families ALICE — asset limited, income constrained, employed. That means they make just enough money to survive — often too much to qualify for government assistance — but not enough to save, be it for emergencies, college, a house or retirement, and to build assets.

Read more at: www.miamiherald.com

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