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Economy
If Everything Is So Great, Why Are Millions Of Americans Sleeping In Their Vehicles?
2024-08-28
[ZeroHedge] Have you noticed an unusual number of vehicles in the parking lots of major retailers in your area at night? If you look closely enough, you will see that many of those vehicles actually have people sleeping in them. At this point, millions of Americans are sleeping in their vehicles every night. This is happening even though we are being told that the economy is just fine. But of course the truth is that the system is failing all around us.

In particular, the cost of housing has become extremely oppressive. In fact, housing in the United States has become more unaffordable than it has ever been before.

This week, I was stunned to read about a 33-year-old man named Ishan Abeysekera that is paying $2,100 a month to share a house with 23 other people…

In a city as notoriously expensive as New York, it’s common to see people in their late 20s and early 30s living with roommates to help manage the high cost of living.

But Ishan Abeysekera has taken that to the next level with his current living situation in Brooklyn: a communal building that he shares with a whopping 23 other people.

There are millions of others in a similar position. In recent years, “van life” has become quite trendy, and more than 3 million Americans now fall into this category…

“Van life” or “van living” is a term that is becoming more popular around the country. People packing up their lives, moving into a mobile unit and exploring the states.

According to Yahoo Finance, the number of American van lifers has increased by 63% over the last couple of years, going from 1.9 million in 2020, to 3.1 million in 2022.
Sounds scary. But given that the current American population is heading toward 346 million, that’s less than 1% of the population is living in their vehicles — how does this compare to recent economic downturns, like 2008 subprime mortgage crisis and the dotcom bubble of 2001?
In the old days, if you lived in a van down by the river you were considered to be a bum.“

A lot of these people have jobs, and a lot of these people would not be officially classified as “homeless”.
Posted by:Skidmark

#4  ..cause if they ran it at the real rate the deficit would be twice as large.
Posted by: Procopius2k   2024-08-28 21:05  

#3  COLA (Social Security's annual "Cost of Living Adjustment) is a joke.
Posted by: Glaish Unusoque9847   2024-08-28 18:20  

#2  In auto's?

Our South Side Assoc. is seeing more and more seniors on the streets and camping in wooded areas.

Having sat down and spoken with a few actual homeless that we have helped, and not the increasingly common $$$ grabing pan-handelers.

I have learned a number are drawing Social Sec. and few even have modest retirement checsk coming in. But their income COLA did not keep up with DC Swamp inflationary spending.

Given the way the DC Swamp is handling this, a person could get the idea DC has writen off the seniors.


Like many we are doing what we can to help.
Posted by: NN2N1   2024-08-28 07:16  

#1  Report: Flight Attendants Blow Whistle on Low Wages, Dire Living Conditions Across Major Airlines
Posted by: Skidmark   2024-08-27 09:13  

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