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.

  • mars296
    4•10 months ago

    What you are describing is inflation going down. Things going back to pre-pandemic prices would be deflation. With the government targeting 2% inflation in an ideal situation, deflation is not going to happen.

    • @[email protected]
      4•10 months ago

      Going down is a misleading term that makes it sound like it IS deflation, though.

      “Slowing down” would be much more illustrative, or at least “decreasing”