Economy and Finance in the Nonprofit Sector: Exploring Job and Housing Challenges
Economy and Finance in Nonprofits
The nonprofit sector plays a critical role in maintaining the social safety net. However, many workers are faced with financial insecurity. A recent report highlights that these individuals navigate a challenging landscape.
Essential Contributions and Financial Struggles
Many nonprofit employees are involved in providing housing, food, and healthcare where government programs fall short. Despite this, a significant number of them live just above the federal poverty line.
- 3 million nonprofit workers are classified as ALICE—Asset-Limited, Income-Constrained, Employed.
- The ALICE threshold is variable, depending on local living costs.
- Many workers, like Lisa Kelley from Cincinnati, feel the impact of living paycheck to paycheck.
This situation presents a catch-22: their income is too high for assistance but too low for comfortable living.
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This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.