It costs over $106,000 for a family of four to get by in D.C.
The Economic Policy Institute has released an updated version of their Family Budget Calculator – a tool that adds up the expenses necessary to secure a modest standard of living in a number of metro areas in the U.S. According to the data, a family of four (two adults, two children) can expect to pay $106,493 annually to live in D.C.; $82, 284 in the surrounding suburbs of Virginia; and $79, 330 in the surrounding suburbs of Maryland. (WCP, 8/26)
The tool accounts for seven types of costs: housing, food, childcare, transportation, healthcare, other necessities, and taxes. D.C. has replaced New York City as the most expensive place to raise a two-child family, EPI finds; annually, such a family can expect to pay $106,493 to live in D.C., and $98,722 in New York.
– DC Fiscal Policy Institute takes a look at the supports they feel will be necessary to strengthen the ability for families to remain afloat in response to the release of the updated Family Budget Calculator. (DCFPI, 8/26)
POVERTY/MARYLAND | The Washington Post explores how, for years, companies have preyed on victims of lead poisoning who have won structured settlement agreements, taking advantage of individuals desperately in need of immediate funds and with minimal experience navigating the legal system. (WaPo, 8/25)
MENTAL HEALTH | Rethinking The Relationship Between Mental Health and Police in Fairfax County (WAMU, 8/25)
PHILANTHROPY/CRIMINAL JUSTICE | The Council on Foundations held a Twitter chat today, exploring the ways in which philanthropy can take a leadership role in reforming the criminal justice system in America. You can follow the conversation by using the hashtag #CJreformChat.
SOCIAL PROFITS | It’s estimated that millennials will make up half of the U.S. workforce in just 5 years. Social profit organizations, therefore, can’t afford to just say TTYL* to potential young supporters. The Chronicle of Philanthropy has assembled a helpful toolkit for social profits looking to build those relationships now. (Chronicle, 8/26) *I’m sorry.
GENDER EQUITY/REGION | A new ranking names Alexandria, VA and Rockville, MD among the best cities for women to start a business. (WBJ, 8/26)
Feeling a little sleepy this afternoon? Look at cats! Or consider other options.
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