Rents over the last two decades have risen much faster than employee pay, contributing to an escalating homelessness crisis in the U.S.

A growing number of Americans are ending up homeless as soaring rents in recent years squeeze their budgets.

According to a Jan. 25 report from Harvard’s Joint Center for Housing Studies, roughly 653,000 people reported experiencing homelessness in January of 2023, up roughly 12% from the same time a year prior and 48% from 2015. That marks the largest single-year increase in the country’s unhoused population on record, Harvard researchers said.

  • Asafum
    4·
    5 months ago

    Another “wonderful” metric is “family income.”

    Yes, family income has been steadily increasing since women entered the workforce the 60s-70s. Geez I wonder what could possibly account for that, it must be that having 2 incomes became mandatory to survive we’re all just doing better!

    I wonder how life is like for those who don’t have a family income… Source: perpetually single, make 60k (in a VHCOL area) and have to live in a garage. (No I can’t “just move,” I am “uneducated”…)