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Showing posts from July 14, 2024

When Rents Rise, So Does Homelessness

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  Statista: When Rents Rise, So Does Homelessness Jul 11, 2024 According to a Pew Charitable Trusts study, rising rental prices are directly linked to an increase in homelessness in the United States. The analysts write that while homelessness often has several contributing factors - such as substance use disorder, mental health, weather, the strength of the social safety net, poverty, or economic conditions - none are as impactful as the role of high housing costs. The U.S. Department of Housing and Urban Development’s homelessness data and Apartment List rent data from 2017 and 2022 shows that of the six metro areas where homelessness increased the most, rents had also risen faster than the national average. These were Sacramento, Fresno, Raleigh, Phoenix, Austin and Tucson. Meanwhile, four areas that saw declines in homelessness also saw below-average increases in their median rents. The writers of the report explain: “There are still places in the U.S. where levels of homelessness

What the US is Most Worried About?

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  Statista: What the US is Most Worried About? May 23, 2024 Statista’s Consumer Insights survey has been tracking which issues adults in the United States consider to be the most important in the country right now, and how they have shifted over time. The following chart provides just a snapshot of these, listing the eight most cited concerns out of a possible 20 options, in the most recent survey wave as well as in the survey wave at the start of the pandemic. Where health and social security came first in the earlier iteration, likely in reference to Covid, it had dropped by 6 percentage points by 2023/24. In the meantime, inflation and the cost of living has risen from third position to first position (+13 p.p). Other notable changes include a drop in the share of people citing immigration in the latest wave and an increase in the share of people picking crime. Six of the eight most recent most pressing issues are social, with the sole environmental topic of climate change having na

Have Wages Kept up with Inflation

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  Have Wages Kept Up With Inflation in US? Jun 13, 2024 One of the reasons why people are so concerned with inflation is the fact that high inflation hits consumers right where it hurts: the wallet. In times of high inflation, when prices increase faster than nominal wages, real wages go down, meaning that workers see (and feel) the purchasing power of their income decline. During the current inflation crisis, this has been the case from April 2021 to April 2023, when average real hourly earnings declined for 25 consecutive months on a year-over-year basis. In May 2023, real wages began to rise again as nominal wage growth outpaced inflation once again as it normally should. By looking at cumulative wage growth and price increases since January 2020, we can answer the question of whether or not wages have kept up with inflation over the past four and half years. The answer is: yes, but just barely. While nominal wages have increased 22.7 percent since the beginning of 2020, consumer pr

Americans and Financial Satisfaction

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  Statista: Howe Satisfied are Americans with their Finances The coronavirus pandemic and the war in Ukraine were and still are two of the main drivers of macroeconomic changes around the world, from rising energy and food prices to hundreds of thousands of jobs cut due to pandemic-induced hiring sprees by big tech firms in particular. Four years after the outbreak of corona and two years since the beginning of Russia's war on its Western neighbor, economic worries for U.S. residents seem to be easing again. You will find more infographics at Statista A Statista Consumer Insights survey shows that at the start of 2024, roughly one quarter of respondents claimed their personal economic situation was negative or very negative, while 18 percent had a very positive outlook on their finances, up two percent year-over-year. A third of survey participants claimed that they saw their country's economic performance as negative or very negative, down two percent from the previous pe