Homelessness in America

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According to students against hunger, “one in Seven United States residents were at risk of suffering from hunger last year.” Also, 3.5 million people were forced to make themselves at home in parks, under bridges, in shelters, or cars.

This problem was not as prevalent five years ago, but ever since 2010 the homeless population has been experiencing an exponential increase.

Since 2010 the homeless population has experienced a projected increase of 5%, to put it in other terms it is 74,000 more homeless people in 2013 than there were in 2010. This problem can find its roots in the stock market crash of 2008.

On September 16th, 2008 failures of large financial institutions, due to exposure of the protection of subprime loans and credit default swaps which were issued to insure these loans occurred. This caused a global crisis, which caused 15 banks to fail, while many others were saved through government intervention or the acquisitions of banks by other banks. It was so tragic that on October 11, 2008, the head of the International Monetary fund stated that the global financial system was on the “brink of systemic meltdown.” This failure has caused the loss of a large amount of money worldwide. (Stock Market Crash)

When a large sum of money is just taken out of the system, there are sure to be a few repercussions. The monetary value of the necessities of life kept increasing, to help get the money back into the system, while the minimum wage has not increased accordingly. This has caused things like food to become too expensive for people to afford. Now, just because one has a job does not mean that they can live comfortably.

It is hard enough to support oneself in this economy, but also supporting others becomes th...

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...t do as an individual we can do as a group. While one pebble in a river does not change the motion of the water, a thousand pebbles can.

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"Latest News On Homeless News." Homeless News. N.p., n.d. Web. 5 May 2014.

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