Many times in the past I have pointed out that Democrats insist on doing things that do the most damage to those of us who are least able to cope.
Now Biden’s inflation it’s is doing it again in spades
From CNN Business – “US homelessness hits highest level as rents have soared”
As housing in the US has become increasingly unaffordable over the past few years, the number of people experiencing homelessness surged to its highest level on record this year, according to an annual survey taken in January.
The number of unhoused people in the United States jumped by 12% early this year from the year before, an increase of about 70,650 people, according to an annual report from the Department of Housing and Urban Development released on Friday, 12/15/23.”
Now who do you think are most effected by high rents and thus the consequent expected higher rates of homelessness?
Still from CNN Business:
“Homelessness increased nationwide across all household types, the report found, but had an outsized impact on communities of color. While Black people make up about 13% of the US population, they comprise 37% of people experiencing homelessness and 50% of the people who are experiencing homelessness as a member of a family with children.
“The biggest numerical growth in people experiencing homelessness was among Latinos. There were 28% more Latinos who were unhoused in 2023 than the year prior. This population made up 55% of the total increase in US homelessness, with 39,106 additional Latinos without housing this year.
The survey also found a sharp jump in the number of people who became homeless for the first time.”
I do not profess to be an economics expert, but one does not need to be an expert to realize the obvious. The war being waged by Joe Biden and his fellow Democrats on fossil fuel, combined with their massive increase in Federal spending has caused massive inflation. With inflation the cost of everything has gone up significantly and this includes rents. Those in the lower socioeconomic groups are those most apt to be renters. Ergo, it is no mystery that many in this group cannot afford their increasing rents, and, voila! … they are now homeless.
This is not an example of “unforeseen consequences,” as any nincompoop could have predicted that this is a totally expected outcome!
Strong work, Dems!