More than 70 Percent of Single Parents Can’t Pay Bills, Says EPI Study
Thursday, December 15, 2016
The vast majority of single parents and more than twenty-five percent of two parent families can't pay for their basic needs. According to a study released by the Economic Progress Institute (EPI), "Nearly three quarters (72 percent) of single parent families, and more than one-quarter (26 percent) of two-parent families with two or more children, earn less than the amount required by the Rhode Island Standard of Need (RISN). The same is true for more than one third (36 percent) of single adults."
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“This report provides clear evidence that programs like RIte Care health insurance and child care assistance are economic lifelines for low and modest-income working families. Without them, many families have a significant gap between income and expenses,” said Rachel Flum, executive director of EPI.
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLASTThe RISN also finds minimum wage earners fall short in meeting their monthly expenses. At the current minimum wage ($9.60/hr.) a single adult earns $5,783 less than the amount needed to meet basic expenses.
Related Slideshow: EPI Report Unveils Many RI’s Don’t Earn Enough for Basics - 2016
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