“I make sure all my money goes to basic essentials, and I’m still living paycheck-to-paycheck. I’m not being irresponsible with my money.”
As we head into a presidential election year, the cost of living is top of mind for many Connecticut voters. Recently, The Connecticut Project sat down with voters from across the state. The cost of living came up as most important to them, over and over again.
Thousands of people in our state are struggling to get by, let alone get ahead. Connecticut families are feeling the pressure. We often heard how people were careful with family budgets, but after a trip to the grocery store, gas station, and paying rent, for many, there was little to nothing left over.
“I budget,” one man told us. “I make sure all my money goes to basic essentials, and I’m still living paycheck-to-paycheck. I’m not being irresponsible with my money.”
While the cost of living is a struggle for people making minimum wage or below, people making more than that are struggling, too. In reality, it takes more than $126,000 per year for a family of four in Connecticut to make ends meet – and more than 552,000 households in Connecticut make less than that.
“I make the most money I’ve ever made, and somehow after I pay bills, I have nothing left,” one woman told us.
“My salary may be considered a good salary, but when you take into account rent, food, gas, and taxes, my salary does not go far,” said one man.
The Numbers Don't Lie
These costs make it difficult for families to save for the future or afford basic necessities.
Or, as one person put it, “Everything went up except our pay.”
Setting a New Horizon
So, how can we ease the cost of living for everyone? By mobilizing communities and empowering people, we can change even the biggest systems so they enable our families to thrive. While the solutions might be complex, there are some clear places to start, including maximizing our state’s budget to reduce people’s biggest expenses. Connecticut is a state with many resources available, but the budget doesn’t always put money where it’s most needed.
If our state can ease the burdens of some of the most expensive monthly things in our families’ budgets, that will go a long way toward helping our dollars stretch further in other places.
Two clear places for the state to start are: