Here is the second couple featured by CNN Money in their series about five couples living on an income of $46,000 a year. Michael Thibault is an insurance claims adjuster and Lisa Thibault works part-time. Together, they may earn about $60,000 this year in Indianapolis, Indiana. That seems to put them at an income significantly higher than the rest in CNN’s series, but this couple has three children.
They had to apply for food assistance for their children. The Thibaults are earning more than the median household in the United States, but still can’t afford to feed their children.
With a family of three and fluctuations in their employment status, the couple spends about $1,700 per month for full insurance and medical visits.
As Hazzard noted, 42% of their income is spent on health care. To me, this seems high, even for a family with three children, but I have no personal experience. Perhaps this will stabilize as the children get a little older. Their medical issues are not entirely clear from their profile.
Regardless of their struggles, the couple still tithes to their church an undisclosed amount. The article says they have asked for public assistance in order to pay for food; I wonder how much they receive in assistance and how much they give to their church.
Updated September 8, 2011 and originally published April 21, 2007. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.