Skip to content
Options Trading Report

Options Trading Report

Primary Menu
  • Home
  • Business
  • Domestic
  • Economy
  • Money
  • Top News
  • Newsletters
  • Home
  • 2024
  • December
  • US homelessness rose by record 18% in latest annual data

US homelessness rose by record 18% in latest annual data

Editor December 27, 2024
2024-12-27T183949Z_3_LYNXMPEKBQ0GY_RTROPTP_4_USA-HOMELESSNESS

By Kanishka Singh

WASHINGTON (Reuters) – There was a record 18% rise in homelessness in the U.S. in the last year, driven by factors like unaffordable housing, high inflation, systemic racism, natural disasters and rising immigration, the U.S. Department of Housing and Urban Development said on Friday.

WHY IT’S IMPORTANT

The problem of homelessness has been getting worse in the U.S., with commonplace sightings in many cities of destitute people living in the open, with tents pitched on city sidewalks. The federal and state governments have pushed with divergent strategies to deal with the crisis.

BY THE NUMBERS

A total of 771,480 people – or about 23 of every 10,000 people in the U.S. – experienced homelessness in an emergency shelter, safe haven, transitional housing program, or in unsheltered locations, according to data released on Friday.

Overall, the number of people experiencing homelessness increased by 18% between 2023 and 2024, the data showed. The previous such annual data released last year had shown a 12% rise in homelessness.

Between 2023 and 2024, children under the age of 18 were the age group that experienced the largest increase in homelessness, marking a 33% rise with 150,000 children experiencing the crisis, according to the data.

Black people, who made up 12% of the total U.S. population and 21% of the U.S. population living in poverty, represented 32% of all people experiencing homelessness, the data showed.

KEY QUOTES

“Our worsening national affordable housing crisis, rising inflation, stagnating wages among middle- and lower-income households, and the persisting effects of systemic racism have stretched homelessness services systems to their limits,” the Department of Housing and Urban Development said.

It also noted “additional public health crises, natural disasters that displaced people from their homes, rising numbers of people immigrating to the U.S., and the end to homelessness prevention programs put in place during the COVID-19 pandemic.”

(Reporting by Kanishka Singh in Washington; Editing by Aurora Ellis)

Continue Reading

Previous: Duke Energy files to recover $1.1 billion in hurricane costs
Next: Stocks drop in thin year-end trade amid tax selling, profit taking

Live Market Pulse

The charting technology is provided by TradingView. Learn how to use theTradingView Stock Screener.

Want More Market News?
Add your email address below to get up to date market news and more!
By submitting the form you agree to the Privacy Policy of Options Trading Report and agree to receive our email updates and special offers. As a bonus, you will also get a free subscription to MTA Trade of the Day, Privacy Policy. You will receive special offers and advertisements from Options Trading Report and MTA Trade of the Day and our affiliates. You may unsubscribe at any time.

Search

Recent Posts

  • Copper glut driven by tariff threat to deflate US price bubble
  • Exclusive-Oil giant Saudi Aramco in talks with Commonwealth LNG for offtake agreement, sources say
  • Nvidia becomes first company to hit $4 trillion in market value
  • Trump administration to subpoena Harvard for information on foreign students
  • Analysis-Copper glut driven by tariff threat to deflate US price bubble

Categories

  • Business
  • Market News
  • Newsletters
  • Options
  • Reflections

You may have missed

  • Newsletters

Copper glut driven by tariff threat to deflate US price bubble

Editor July 9, 2025
2025-07-09T153930Z_2_LYNXMPEL680QD_RTROPTP_4_SAUDI-ARAMCO-POWER-PLANTS
  • Business

Exclusive-Oil giant Saudi Aramco in talks with Commonwealth LNG for offtake agreement, sources say

Editor July 9, 2025
2025-07-09T143503Z_1_LYNXMPEL680O8_RTROPTP_4_NVIDIA-RESULTS

Nvidia becomes first company to hit $4 trillion in market value

Editor July 9, 2025
2025-07-09T135607Z_2_LYNXMPEL680MC_RTROPTP_4_USA-TRUMP-HARVARD-CANADA

Trump administration to subpoena Harvard for information on foreign students

Editor July 9, 2025
  • Home
  • Terms of Service
  • Privacy Policy
  • Disclaimer
  • Contact Us
Copyright 2025 © All rights reserved | Options Trading Report | optionstradingreport.com