All over America, our core urban areas are teeming with tent cities, hordes of homeless drug addicts, and vast throngs of newly arrived migrants that don't have anywhere to go.  When I wrote about this topic one year ago, homelessness in the U.S. was at an all-time record high, and it was increasing at the fastest pace ever recorded.  It was going to be hard to top that, but somehow we did.  Fast forward to today, and homelessness in the U.S. has reached another all-time record high, and it is increasing at an even faster pace.  We are literally in the midst of the worst homelessness crisis that our federal government has ever measured, and there is no end in sight.

When the rest of us discuss the economic pain that we are experiencing, many on the high end of the economic spectrum wonder what all the fuss is about because things still seem pretty good to them.

But for many of those on the low end of the economic spectrum, it feels like a full-blown economic collapse has already begun.

On Friday, the U.S. Department of Housing and Urban Development revealed that the homeless population in the U.S. jumped 18 percent in just one year…

Homelessness in the United States soared to the highest level on record, according to government data released Friday.

More than 770,000 people experienced homelessness in 2024, an 18% increase from 2023, the US Department of Housing and Urban Development reported. It was the largest annual increase since HUD began collecting the data in 2007 (excluding the jump from 2021 to 2022, when the agency didn't conduct a full count due to the Covid-19 pandemic).

If homelessness is at the highest level ever and it is rising at the fastest rate ever, your economy is not okay.