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

cross-posted from: https://lemmy.world/post/11260607

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.

    • Lath
      23•10 months ago

      You mean fewer people can afford more yachts?

    • @[email protected]
      1•9 months ago

      Don’t worry folks the Supreme Court is about to rule that homeless can be fined for being homeless and then cities will jail homeless and they won’t be homeless nomore /s