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.

  • skuzz
    2·
    5 months ago

    It literally destroys lives every 3 months when companies try to bury things that normally happen but don’t mean profit under the rug by laying off employees so they can keep their stock market pimp daddy happy for another quarter.