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An Enormous Chunk Of The U.S. Population Is Either Homeless, Living In Poverty Or Considered To Be Among The Working Poor
The Economic Collapse Blog ^ | 5/6/24 | Michael Snyder

Posted on 05/08/2024 4:28:36 PM PDT by Roman_War_Criminal

As the U.S. economy slows down, those at the bottom of the economic food chain are being hit the hardest. Homelessness is surging, the number of Americans living in poverty is rising, and more Americans are considered to be among “the working poor” than ever before. Unfortunately, we are witnessing a historic economic shift right now, and economic conditions are only going to get even more harsh during the months ahead. Needless to say, that is really bad news for all of us.

According to a report from Harvard University, approximately 650,000 Americans were homeless at some point last year. That represented an increase of nearly 50 percent from 2015…

A January 25 report from Harvard’s Joint Center for Housing Studies estimated that over 650,000 Americans experienced homelessness in 2023—up almost 50% from 2015. Costs of renting and home ownership have skyrocketed while wages largely stagnate. The Harvard report found that half of U.S. households are “cost-burdened” (meaning that 30-50% of monthly income goes to housing), and 12 million people are “severely cost-burdened.” These Americans stand one accident, health setback, or employment disruption away from eviction.

During the past several years, scores of tent cities have sprouted like mushrooms in and around U.S. cities from coast to coast.

One 32-year-old woman named Brandy that is living in a tent city near Winterhaven, Florida says that she has been living there for five years and literally has nowhere else to go…


TOPICS: Business/Economy; Conspiracy; Government; Society
KEYWORDS: donateforjim; economicturmoil; economy; grapesofwrath; homeless; homelessness; housing; inflation; poverty
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To: Roman_War_Criminal
Montana working poor
61 posted on 05/08/2024 7:34:51 PM PDT by yesthatjallen
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To: mmichaels1970
"I believe most homelessness is due to drug addiction..."

It sure seems that either addiction or mental illness drives people to live on the streets.

But, I wonder if the statistics count other people who are technically homeless, but they have a place to stay.

For example, one of my coworkers was homeless, though no one would've ever guessed. She was well-dressed and attractive. She told me a church let her sleep in its basement.

62 posted on 05/08/2024 7:41:15 PM PDT by Tired of Taxes
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To: ClearCase_guy

Spot On. He appealed to the worst in our nature, and as a result advanced into positions of power in our many institutions those without wisdom or self-control. Such people have been reshaping our schools, our city governments, and our state governments through policy changes, hiring practices, and edicts.


63 posted on 05/08/2024 7:54:17 PM PDT by drwoof
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To: All
"An Enormous Chunk Of The U.S. Population Is Either Homeless, Living In Poverty Or Considered To Be Among The Working Poor

Quit trying to cheer up all the 0'Biden Regime and the WEF People. Their plans are working.

64 posted on 05/08/2024 7:59:23 PM PDT by LegendHasIt
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To: Roman_War_Criminal

Biden: There’s ‘Corporate Greed,’ But People ‘Have the Money to Spend’ on More Expensive Groceries
https://freerepublic.com/focus/f-news/4236591/posts


65 posted on 05/08/2024 8:10:58 PM PDT by minnesota_bound (Need more money to buy everything now)
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To: AdmSmith; AnonymousConservative; Arthur Wildfire! March; Berosus; Bockscar; BraveMan; cardinal4; ...

66 posted on 05/08/2024 10:28:10 PM PDT by SunkenCiv (Putin should skip ahead to where he kills himself in the bunker.)
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To: Roman_War_Criminal

What did we think would happen when we offshored our jobs? So much for those benefits to the consumers we were promised by the free traitors.


67 posted on 05/09/2024 2:33:35 AM PDT by TwelveOfTwenty (Will whoever keeps asking if this country can get any more insane please stop?)
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To: Brian Griffin

$2k/mth is a deal right now.

I’m paying over $3k for mine. Ouch!


68 posted on 05/09/2024 3:50:54 PM PDT by Roman_War_Criminal (Jesus + Something = Nothing ; Jesus + Nothing = Everything )
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