50% of Hawaii households can barely cover their basic needs. That's right, half of Hawaii homes cannot make ends meet, and that's even with people often holding more than one job at a time. For a family of four, the current local threshold statistically required to meet minimum needs for a family of four including housing, food, transportation, medical and child care is $72,336.
Now this sound frightening, until you realize that this just slightly higher in terms of the percentage of people who are just getting compared to the national norm. According to the group Wider Opportunities for Women a few years back, 45% of the country cannot afford these basic needs. Bankrate.com said last year that only 37% of Americans have enough savings to pay for an emergency under $1,000. 63% of people would have to cut back spending or borrow money to make a payment up to $1,000. 33% of American families have no savings at all, according to Pew Charitable Trusts. The stark economic realities go on and on, locally and nationally.