A Boring Dystopia

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Record number of Americans are homeless amid nationwide surge in rent, report finds (www.cbsnews.com)

submitted 1 year ago by [email protected] to c/[email protected]

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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.

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[–] [email protected] 17 points 1 year ago (7 children)

Probably the newest data available. There's no way that the trend has reversed rather than sped up since then.

[–] [email protected] 5 points 1 year ago* (last edited 1 year ago) (6 children)

At least inflation rate went down, but with ever increasing rental cost the picture probably doesn't look much better.

EDIT: Added "rate" to avoid any confusion that I may suggest there's deflation.

[–] [email protected] 6 points 1 year ago* (last edited 1 year ago) (4 children)

Inflation didn't even go down, it's just increasing at a slower rate. Things are still getting more expensive compared to how much money people have available.

That might be what you meant, but just wanted to make it crystal clear..

[–] [email protected] 3 points 1 year ago

Right.. usually people talk about the inflation rate, not the overall devaluation of the currency. I wasn't trying to suggestion there's a deflation with the dollar.

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