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.

  • Greyghoster
    56·
    5 months ago

    It’s amazing that rentals are going through the roof all around the world, there seems to be different reasons everywhere but the problem is the same. The underlying problem is probably capitalism underscored by neoliberalism which drives laws and policies to support short term, high growth returns.

    • willis936@lemmy.world
      18·
      5 months ago

      RealPage needs to be dismantled and entire C-suite jailed. If Wall St isn’t scared to death of making price fixing trusts then we are all in very deep shit.