Transitional Financial Support through the Use of Store Gift Cards
Life can be overwhelming for single parents with financial problems. Single-parent families face an added level of urgency – they are trying to tackle their basic support needs by themselves. They can easily fall into poverty.
Government assistance can be hard to come by. Many hardworking single parents earn too much to qualify for benefits like food stamps, but earn too little to actually get by each month. And, if a non-custodial parent is not meeting their financial commitments, the stress can become unbearable.
Broken Promises can help! Obligations of the single parent include the basic provision of food,clothing and shelter. Our financial support comes in the form of gift cards good at major chain stores, clothing stores, grocery stores and healthcare/drug stores. These cards provide the essentials required to support the children of struggling single parents.
Broken Promises Target:
The Poor, the Near-Poor and Low-Income.
Based on the latest census data, a two-parent family has an average income of $82,788. Yet, single parents often shoulder their financial responsibilities with no help. This fact places them, and their children, at greater risk of slipping into poverty. Broken Promises targets struggling single-parent families who are not receiving federal assistance and have annual incomes $50,000 to $60,000 per year or less.
Struggling single-parent families represent the group at highest risk as their ranks could soon fall into poverty. To escape poverty, these families desperately need our help. Research suggests that, on average, families need an income equal to about two times the federal poverty level to meet their most basic needs. Based on 2014 Federal poverty guidelines, this equates to $47,700 for a family of four. Our review of census data indicates that 59% of all low-income households with children under the age of 18 are single-parent households.
Low-income and near-poor families fall between the cracks in America’s present economy. They are frequently ignored or overlooked by policymakers and advocates. Yet, many single parents are employed mostly in the low-wage service sector jobs as higher paying manufacturing jobs have been moved overseas. Most work full time without receiving employer benefits which only adds to their financial vulnerability.
Broken Promises financial support comes in the form of gift cards good at major chain stores, clothing stores, grocery stores and healthcare/drug stores. These cards provide the essentials required to support the children of struggling single parents.