A new study shows that almost 50% of working families in Pueblo County face financial difficulties
This report is a first for Colorado and really shines a light on the financial struggles of working families, especially in Pueblo County. Titled “ALICE in Colorado, a Study of Financial Hardship,” it focuses on families who are Asset-Limited Income-Constrained Employed (ALICE).
The study, funded by United Way agencies and Ent Credit Union, reveals that 37% of families in Colorado are struggling. In Pueblo County, that number jumps to 47% out of about 67,840 households.
In fact, 31% of families in Pueblo County fall into the ALICE category, while 16% are living at or below the poverty line. That means nearly half of the families here are facing costs that exceed their incomes.
Shanna Farmer, the president of United Way of Pueblo County, pointed out how striking these figures are compared to the state average. She emphasized how tough it is for families just to make ends meet.
While the numbers are concerning, Farmer mentioned that they weren’t entirely surprising given the current economic climate. One stat that really stood out was that 81% of single mothers with kids are below the ALICE threshold, compared to 49% of single fathers.
Chris Segura, the communications director for United Way, noted that these numbers reflect the reality of many single-income families in the community.
The report aims to guide future policies and support programs for working families in Colorado. Farmer believes that having solid data helps tell the story of these families’ struggles.
The workers affected aren’t just in low-paying jobs; they’re also teachers, healthcare workers, and others providing essential services.
“This isn’t just about numbers; these are our friends, families, and neighbors,” Farmer said.
Segura added that this data will help nonprofits focus their efforts on empowering working families. The goal is to work together as a community to improve the situation over the next five years.
However, the data is based on 2022 conditions, and things might be even tougher now. With resources from COVID-19 fading and rising grocery prices, the challenges are real.
Farmer stressed the importance of supporting local nonprofits, saying they’re dedicated to uplifting the community.
For more on this topic, check out the article about a Pueblo educator wrapping up a 50-year career.
Chieftain reporter Tracy Harmon covers business news and can be reached via email or on X. Support local news by subscribing to The Pueblo Chieftain.
This article originally appeared on The Pueblo Chieftain: Study: 47% of Pueblo County’s working families face financial hardship.
