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.

  • jeremyparker
    152·
    10 months ago

    If our country and economy is failing at providing for the people we already have we shouldn’t be letting in any more.

    Wait – our country is supposed to be providing housing?

    I won’t lie, I’m super into that. Normalizing rent across hundreds of millions of people would go a long way to stop bloodsucking leeches from buying property, price gouging residents to live there, and calling that a “job”