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.
But more people can afford yachts.
You mean fewer people can afford more yachts?
So when do we get to the part where people start burning down the properties in a case of, “Well if you want all the land, then you can have its charred remains”?
Pretty soon probably.
The article is new but it’s citing data that’s a year old.
"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. "
Probably the newest data available. There’s no way that the trend has reversed rather than sped up since then.
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.
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…
Right… usually people talk about the inflation rate, not the overall devaluation of the currency. I wasn’t trying to suggestion there’s a deflation with the dollar.
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.
The proper way to say it to avoid confusion is that inflation slowed.
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”
Every normal person who reads this understands you mean there is a lower rate of inflation than previously, the people replying to you are fucking dense.
