Home » Growing number of Americans with jobs are homeless thanks to ‘fast-rising rents,’ inflation: Report

Growing number of Americans with jobs are homeless thanks to ‘fast-rising rents,’ inflation: Report

The Washington Post on Monday reported that many Americans are considered homeless despite working regular jobs due to inflation and high rent costs.

AgrowingnumberofAmericanswithjobsarestillwithouthomesduetorisingrentsandhighinflation. TheWashingtonPostfoundlocalsheltersandvolunteergroupsareshowinganincreasingnumberofpeoplecominginwhoworksteadyjobs.OneTulsaorganizationreportedthetopreasoncitedbymanypeopleforbeinghomelessisalackofaffordablehousing.  “Yearsoffast-risingrentsandashortageofaffordablehousinghavecreatedasituationwhereevenastronglabormarketandrisingwageshaven’tbeenenoughtooffsetthefinancialstrainsofinflation,”thearticleread. AccordingtotheU.S.DepartmentofHousingandUrbanDevelopment(HUD),anestimated653,104peopleexperiencedhomelessnessonasinglenightin2023,a12%jumpfrom2022,makingitthehighestnumberofhomelesspeoplesincethecountrybeganusingtheyearlypoint-in-timesurveyin2007. SPENDINGONHOMELESSNESSSPIKESTOA‘SHOCKING’AMOUNTINPORTLANDMETROAREA PeoplewhospoketothePostshareds