GET ME REWRITE: While hundreds of thousands of Americans experience homelessness each year, the very rich can hunker down in their home theaters

 

Photo credit:  Redfin

($2,300,000 5 Beds · 5 Baths · 7,226 Sq. Ft).

Source: m Security

Though the nation’s economy has impressively rebounded from the brief pandemic recession, not all Americans are prospering. One harsh indicator was a significant jump in homelessness over the past year. According to the Department of Housing and Urban Development (HUD), a record number of people are currently unhoused in the U.S. Several factors are driving this increase, such as rising housing costs, surging immigration, and the end of many COVID-19 relief programs. 

HUD’s 2023 Annual Homelessness Assessment Report (AHAR) found that more than 650,000 people in America lack permanent shelters. That represents the most documented homeless individuals since the inaugural report produced in 2007 and reflects a 12 percent increase over 2022.

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