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Record Number Of Americans Are Homeless As Rent Climbs

via KTLA 5
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A report by Harvard’s Joint Center for Housing Studies revealed a record-high homeless population of over 653,000 in the U.S. due to soaring rents and inflation.

The homeless population increased by 12% in 2022, marking the largest single-year rise ever recorded.

Skyrocketing rents, wage losses during the pandemic, and the end of relief measures such as eviction protections have exacerbated the situation.

The median rent in the U.S. has surged by 23% since the pandemic, while wage growth has not kept pace.

The report also highlighted the disappearance of low-cost rental units and the rise of “cost-burdened” renters.

States such as Arizona, Ohio, Tennessee, and Texas have seen a significant increase in homelessness due to housing costs, with California and Washington experiencing worsening chronic homelessness.

The issue has led to associated problems such as crime and drug use, impacting urban areas like San Francisco and downtown Washington.

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