The US is set to break a new record number of homeless people with more than half a million people living on the street this year.

Data collected and reviewed by The Wall Street Journal from more than 250 homeless organizations have counted at least 550,000 homeless people so far, a 10 percent rise from last year’s reports. The numbers gathered from cities and rural areas show homelessness as it was on a single night earlier this year.

The upward trend means that the US will probably reach and pass the 2023 estimate of 653,000 homeless people. It’s the highest number since the government began sharing such data in 2007.

The final estimate of the number of unhoused people will depend on data not yet reported from areas such as New York City, which had the highest population of any city in 2023.

Contributing to the most recent rise are migrants bused by Texas to cities such as Chicago and Denver. Large numbers of migrants have also arrived in New York, increasing the numbers last year.

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9 points

I think it’s because of the unprecedented amount of wealth hoarding by the .01 percent accompanied by unprecedented inequality and distribution of wealth.

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