Season 5 / Ep. 1 (January 2025) - The Importance of Financial Health for ALICE and All of Us

In this episode, Michelle Taylor, President and CEO of United Way of Delaware, sets the stage by introducing the concept of ALICE communities—the Asset-Limited, Income-Constrained, Employed—and the struggles of many individuals and families. Joined by long time Stand By Me coaches Lori Hurst-Farrell and Karen Summa, she discusses how Stand By Me offers a range of services designed to help these and other families achieve financial stability and break the cycle of poverty. The discussion highlights how organizations like UWDE and Stand By Me serve as crucial community resources, providing essential services that help individuals and families break free from the cycle of poverty.United Way of Delaware brings together people, organizations, and resources to address the challenges caused by long-standing disparities. In partnership with passionate community leaders, we are dedicated to creating opportunities that empower men, women, and children across Delaware and Salem County, New Jersey. Our mission is to help families move from crisis to thriving, ensuring every child gets a strong start by reading at grade level. We are committed to equipping the next generation with the skills they need to become the workforce our state needs to flourish, while also ensuring families have access to livable wages that support their success and stability. Together, we’re building a stronger, more vibrant future for all.Stand By Me is a collaboration between the United Way of Delaware, the State of Delaware, and other partner organizations, offering free, confidential, one-on-one financial coaching to Delawareans. Our goal is to help individuals better understand their finances, make informed decisions, and achieve their financial goals.Support the show