Wednesday, January 1, 2025

Worst Homelessness Crisis Ever! Those On The Low End Of The Economic Spectrum Are Being Absolutely Pulverized By This Economy

 All over America, major cities are filled with tent cities, homeless individuals struggling with addiction, and many migrants without housing. A year ago, homelessness in the U. S. was already at a record high, and now it is worse. Today, homelessness has hit an all-time high, with federal data showing a severe crisis that shows no signs of improvement.

While some people in higher economic brackets may feel detached from this suffering, many at the lower end are experiencing what feels like a complete economic collapse. The U. S. Department of Housing and Urban Development reported an 18% increase in the homeless population in 2024, bringing the total to over 770,000a record number. This increase marks the largest annual rise since tracking began in 2007, except for a gap in 2021 due to the pandemic.

Despite claims that the economy is fine, the reality shows that homelessness is escalating. Many Americans are not counted in these statistics, meaning the issue is likely much worse than reported. The rise in homelessness is attributed to insufficient affordable housing and the influx of migrants. In certain areas, family homelessness has more than doubled due to these factors, showing a significant effect on families.

Surprisingly, about 150,000 homeless children are currently living on the streets, reflecting a 33% increase from the previous year. This troubling situation raises questions about why this crisis remains unresolved. Although politicians often discuss affordable housing, rental prices continue to rise. Nearly half of renters spend over 30% of their income on housing, classifying them as cost-burdened, while many are being evicted daily.

Finding decent job opportunities is becoming increasingly difficult, as nearly 2 million full-time jobs in the private sector have been lost over the past year. This drop is unprecedented outside of a recession, with the government being the only sector seeing job growth. Many people are starting to reject assurances from government representatives about economic stability, demonstrating widespread skepticism toward claims that the economy is thriving.

In a recent interview, a man expressed disbelief at claims that the economy is better under current leadership, further illustrating public discontent. Tent cities and individuals living in vehicles are visible signs of worsening economic conditions, alongside rising prices for essentials like groceries.

According to a national survey, around 70% of U. S. adults feel the economy is in poor condition, a noticeable increase from previous months. As political control shifts, more Democrats also share concerns about economic health. The AP-NORC poll shows that about one-third of Americans are very worried about being able to afford necessities like groceries in the near future, with similar worries about holiday spending and utilities for many others.

Millions of Americans struggle to make ends meet, a situation likely to worsen in the coming months. The nation is experiencing a slow-moving economic collapse, leading to increased poverty and hunger. While wealthier individuals may still enjoy better living standards, they may soon face the same economic difficulties.

If this situation resonates, consider checking out various recommended resources for preparing for future challenges, as the author emphasizes the importance of hope and support during these troubled times.

https://theeconomiccollapseblog.com/worst-homelessness-crisis-ever-those-on-the-low-end-of-the-economic-spectrum-are-being-absolutely-pulverized-by-this-economy/

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