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

submitted 9 months ago by return2ozma@lemmy.world to c/aboringdystopia@lemmy.world

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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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[-] Viking_Hippie@lemmy.world 8 points 9 months ago

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

[-] P1r4nha@feddit.de 2 points 9 months ago* (last edited 9 months ago)

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.

[-] Viking_Hippie@lemmy.world 1 points 9 months ago* (last edited 9 months ago)

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..

[-] mars296@kbin.social 1 points 9 months ago

What you are describing is inflation going down. Things going back to pre-pandemic prices would be deflation. With the government targeting 2% inflation in an ideal situation, deflation is not going to happen.

[-] Nudding@lemmy.world 1 points 9 months ago

The proper way to say it to avoid confusion is that inflation slowed.

[-] Viking_Hippie@lemmy.world 1 points 9 months ago

Going down is a misleading term that makes it sound like it IS deflation, though.

"Slowing down" would be much more illustrative, or at least "decreasing"

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this post was submitted on 31 Jan 2024

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