The Economic Perspective: “An Update on Homelessness”
This is Mary Walden with economist MW, welcoming you to the economic perspective. Today’s program gives an update on homelessness. Mike, I’ve seen numerous stories about homelessness in recent month. Is the problem on the rise? Also, what factors seem to be related to the variation in homelessness between communities?
- Homelessness has actually declined in most areas of the US as the economy has improved and jobs are more available
- Still, on any given night, about ½ million people are homeless
- Also, there is significant regional variation
- Highest homeless rates are in Washington, Boston, NY, and San Francisco
- Analysis shows a major correlation between the price of housing and homelessness
- Also, cities in warm climates without severe winters have a greater rate of homelessness
- Also, those with more populations drug abuse, mental illness, and weak social connections see higher homeless rates
- I’m MW
And I’m Mary Walden for the Economic Perspective, an NC State Extension program from the Department of Agricultural and Resource Economics.