US homelessness up 12% to highest reported level as rents soar and coronavirus pandemic aid lapses
The United States experienced a dramatic 12% increase in homelessness to its highest reported level as soaring rents and a decline in coronavirus pandemic assistance combined to put housing out of reach for more Americans, federal officials said Friday.
About 653,000 people were homeless, the most since the country began using the yearly point-in-time survey in 2007. The total in the January count represents an increase of about 70,650 from a year earlier.
The latest estimate indicates that people becoming homeless for the first time were behind much of the increase.
https://apnews.com/article/homelessness-increase-rent-hud-covid-60bd88687e1aef1b02d25425798bd3b1
Just getting started. It is 0.2% of the population now, or 1 in 500.
in a few years, likely more than 10% of the population will be homeless. Or 1 in 10.
Its often known as a Depression.