👺 December 17, 2023: The Economic Collapse Blog > The Biggest Spike In Homelessness Ever Recorded Is A Sign That The U.S. Economy Is Plunging Into An Abyss Of Pain And Suffering.

December 17, 2023
by Michael
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At least things are still good for those at the very top of the food chain. But for everyone else, economic conditions have already become very painful. Today, the vast majority of Americans have less money than they did prior to the pandemic, and thanks to raging inflation our standard of living is steadily going down.

We are in the early stages of “the greatest real estate correction” in our history, and 1 out of every five children in the United States does not have enough food to eat. With each passing day, more members of the middle class join the ranks of the poor, and more poor people find themselves getting kicked out into the streets. According to the Wall Street Journal, new numbers show that the number of homeless people in the United States has reached a brand new record high…

The U.S. count of homeless people surged to the highest level on record, reaching more than 653,000 people early this year as Covid-19 pandemic-aid spending faded, new federal data show.

The increase reflects a collision of factors: rising housing costs; limited affordable housing units; the opioid epidemic; and the expired pandemic-era aid that had helped keep people in their homes, federal officials said Friday.
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