Chart of the Day: Recession-Induced Homelessness About To Skyrocket

[Donnachaidh]

http://motherjones.com/mojo/2011/09/recession-induced-homelessness-about-skyrocket

There's more dismal news on the economic front. Earlier this month, the US Census Bureau released the latest poverty data, revealing that the poverty rate is at a record high and the number of Americans living in deep poverty has been steadily increasing. (The Census Bureau defines deep poverty as living below half the annual federal poverty line, or about $11,000 for a family of four. About 7 percent of the country now falls into this category.)

Now comes the news that as larger numbers of people fall into deep poverty, they're increasingly landing on the streets. The National Alliance to End Homelessness projects that the number of homeless Americans will increase by five percent over the next three years. That would mean an additional 74,000 people homeless people, pushing the national total towards 1.7 million. Homeless numbers tend to lag behind unemployment and poverty indicators, but the Alliance notes that all the warning signs for increased homelessness are there—most notably an 11 percent increase in the number of people who are "doubling up" and living with relatives or other people. That's often just one step from landing in a shelter. Here's the depressing chart of the day:

[ixion]

1. I'm already seeing an increase here in FL

More people on the streets, more people begging for money, more people standing by the roadside. Hard times a comin'.

[Donnachaidh]

6. here in north Atlanta, too

A family in a car, with the Dad standing outside of the car with a sign - this in a walmart parking lot. Single men at intersections with signs, pleading for help.

Don't believe the false info being touted as the economy improving - it's not.

[ixion]

7. nope, it's not in the slightest.

I get really irked when I see posts talking about how the economy is improving when it's so obviously going down the tubes.

[rgbecker]

2. What's wrong with this picture.....Recession causes drop in Homeless?

Graph shows drop starting when recession kicks in.....Should we be hoping for a double dip?

[sam11111]

3. 1. LAG time partly explains it: hmlssnss lags behind unemployment changes

Recession=unemployment

As boom ends there continues to be a decline in hmlssnss.

Sort of a momentum effect

Boom-end is beginning of a recession.
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2. MAJOR factor tho is.......

since since this is a no-jobs recovery,

It is still a recession as far as the lower class is concerned. Recovery is defined by GDP, which is production....not jobs, not wage-rise.
###############
***************
Work up,
Wage down.

###############
Here this means
GDP up,
average wage down
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This dynamic explains much. In many many areas of a corporate economy and its rosy false promises of a heavenly future.
Memorize it.
Thanks.

[dixiegrrrrl]

5. That's only if you believe there was really an "end" to the recession

or believe in any of the made up government figures that are supposed to reflect the economy.

[dixiegrrrrl]

4. Well, it IS "change", I guess.

Not what I had "hoped" for tho.