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June 5, 2025

Page 1

June 5, 2025

Volume 55 - No. 23

MOST AMERICANS LIVE PAYCHECK TO PAYCHECK

Fears of Homelessness Now Widespread By Friedrich Gomez Today, in 2025, the majority – yes, the majority -- of all Americans are now living paycheck to paycheck. And the widespread fear of Americans being priced out of their apartments or defaulting on their home mortgage and becoming homeless is not an unfounded trepidation. According to the United States Interagency Council on Homelessness:

“Approximately 59% of Americans, which is a significant portion of the population, are considered to be one paycheck away from homelessness due to insufficient savings and financial instability.” And according to the National Alliance to End Homelessness: “Millions of Americans are being pushed into homelessness because they can’t afford rising rent prices. There’s just not enough affordable housing for everyone.”

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Weighing in on the subject is the U.S. Department of Housing and Urban Development (HUD), which states that people unable to pay their rent is a “significant factor” contributing to homelessness. That number continues to increase, and according to the Harvard Joint Center for Housing Studies, almost 800,000 renters experienced homelessness in January 2024 due to barely living on a paycheck to paycheck survival budget. PEOPLE WHO CAN’T AFFORD RENT.

Today, millions of Americans are severely “cost burdened,” which means they are spending more than half (over 50%) of their total income on housing. The fear of homelessness in America -- made even worse by an uncertain economy today with growing high prices, massive job layoffs, and the threat of a deep recession looming overhead like an ominous cloud, all have made the majority of Americans -- both seniors and non-seniors alike -- rattled and vexed with deep

Paycheck See Page 2


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June 5, 2025 by The Paper - Issuu