The United Way ALICE Report for Louisiana - released April 2017

Page 85

How many families with children are struggling? Children add significant expense to a family budget, so it is not surprising that many Livingston Parish families with children live below the ALICE Threshold. Though more Livingston Parish families are headed by married parents, those families with a single parent are more likely to have income below the ALICE Threshold.

Families with Children by Income, 2014 220632 12,000

11,235

90%

29%

80%

10,000

70% 60%

87%

8,000

68%

18%

6,000

50%

40%

3,744

30%

4,000

53%

21%

20% 10% 0%

4% 9%

1,682

11%

Married

Single FemaleHeaded Poverty

Town Albany

Total HH

% ALICE & Poverty

531

43%

3,876

38%

French Settlement

484

39%

Killian

423

41%

Livingston

650

31%

Port Vincent

345

28%

Springfield

162

48%

Walker

2,303

34%

Watson

354

48%

Denham Springs

Total Households

Percent of Families with Children

100%

Livingston Parish, 2014

2,000 0

Single MaleHeaded

ALICE

Above AT

Total HH

What assets do households have?

Assets, All Households, 2014

220633

100%

Percent of Households

90% 80%

4+ Vehicles 3 Vehicles

70%

60% 50%

2 Vehicles

With Mortgage

40%

30% 20%

1 Vehicle

No Mortgage

Vehicle

Home

10% 0%

Interest, Dividends, or Rental Income

Note: Municipal-level data on this page is for Places, which include Census Designated Places (CDP). These are overlapping geographies so totals will not match parish-level data. Municipal-level data often relies on 5-year averages and is not available for the smallest towns that do not report income.

78

UNITED WAY ALICE REPORT – 2016 UPDATE FOR LOUISIANA

Ownership of assets can contribute to stability of households. Yet few families in Livingston Parish own liquid assets, such as a savings account, 401(k) plan, or rental income, that are readily available to cover emergency expenses. Vehicles, the most common asset, depreciate over time. Homeownership, the next most common asset, can build wealth, but is not a liquid asset.


Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.