Allegedly, more and more working Americans find it increasingly difficult to cover their day-to-day costs. Food prices rising, rent prices rising, energy prices rising and wages not keeping up with the general inflation, coupled with the past two years of pandemic restrictions and the loss of job opportunities for the common folks, many are losing hope of ever getting back to their feet and having their own place to live in.
It is a sad phenomenon spreading across America, especially so in the last 10-15 years, with people having lost their homes to rising costs in rent and fuel. The baby boomer generation appears to be the most vulnerable to the current changes in the economic environment. It is less and less common to see a three-generation family living in their trailers if not cars, seeing no change for the better in the times ahead.
According to a study conducted by the University of Pennsylvania, it is expected that the homelessness of people over 55 will increase by 32% in the next four years.
While the rising inflation in living costs is by no means solely the problem of America, it certainly is becoming ever more visible in the land of the free.
Allegedly, the central banks all over the world and their unrestricted money printing since 2008 have nothing to do with all this mess.