Half of Hawaii Barely Gets By

by Steve Petranik

This report is about change – CHANGE in capital letters – because Hawaii cannot continue on its current path. We need to change.

We face many significant problems but the biggest may be that half of Hawaii’s people are struggling financially today despite a booming tourist economy and full employment. Even with frugal spending, they cannot save money for future financial needs regardless of whether they work two or three jobs. That struggle affects every aspect of their lives and their children’s lives.

Those families are the subject of this report: Who they are, how they barely get by and what we can do to help. There is no silver bullet, but there are key areas where changes can have a major effect.

This is the first of six reports from Hawaii Business Magazine based on a framework created by the Hawaii Community Foundation. “The CHANGE framework acknowledges the interconnected nature of community issues and zeroes in on six essential areas that constitute the overall well-being of these islands and people,” HCF says.

Hawaii Business will publish reports for the next six months on each of these topics. As HCF says, “By examining critical community indicators by sector, we can identify gaps where help is specifically needed and opportunities where help will do the most good.”

The six reports will not be comprehensive; that would take an encyclopedia. Instead we will focus on key elements and dive deep into specific subjects, with a focus on good ideas that might drive solutions. This first report focuses on the hundreds of thousands of working families and individuals in Hawaii who are living paycheck to paycheck, unable to thrive, barely able to survive financially.

To read the full article: https://www.hawaiibusiness.com/change-report-community-economy/

Asset Limited, Income Constrained, Employed

© 2020 United Way of Northern New Jersey.  All rights reserved.

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