Poverty Increases the Likelihood of Becoming Unhoused
Poverty and income inequality play a major role in the risk of someone experiencing homelessness, especially when they lack a support structure to rely on when faced with a number of challenges associated with poverty, like illness, loss or lack of a job, and discrimination. This, coupled with the fact that less than half of American households have even three months worth of savings means that in places with high cost of housing and high poverty, homelessness will become common.
According to a report from United States Department of Housing and Urban Development, "While the overall number of people experiencing homelessness in 2022 increased slightly compared with 2020, it rose significantly for individuals, people with disabilities who experience long-term homelessness, and people in unsheltered settings. Single individuals not part of family households continue to represent the largest group of people experiencing homelessness. Homelessness among single individuals increased by 3.1%. The number of chronically homeless individuals increased by 16% between 2020 and 2022.
People who identify as Black, African American, or African, as well as Indigenous people (including Native Americans and Pacific Islanders) continue to be overrepresented among those experiencing homelessness."
These findings are consistent with the reports of youth experiencing homelessness. Lack of access to affordable housing and a stable career are often barriers to finding housing, especially for Black, Latino, and LGBTQ+ youth experiencing homelessness.