Older Adults Are the Fastest Growing Homeless Population

Monday, September 25, 2023

"These are people who worked their whole lives. They had typical lives, often working physically demanding jobs, and never made enough to put money away."

Posted by snoofy at 10:31 AM | 38 COMMENTS | permalink | Comment on This Entry |

Alternate links: Google News | Twitter

Comments

Admin's note: Participants in this discussion must follow the site's moderation policy. Profanity will be filtered. Abusive conduct is not allowed.

Thanks to Trump and MAGA'ts.

#1 | Posted by a_monson at 2023-09-24 02:53 PM | Reply

Older Adults Are The Fastest Growing Homeless Population
Hmmm ... I will think on this further to devise a modest, yet intensely flavorful, proposal.

#2 | Posted by censored at 2023-09-24 05:40 PM | Reply | Funny: 1

All in all, this shows you just how much value has been robbed out of money. Flooding the economy with printed bills out of thin air has resulted in the value dropping. In other words you are being robbed. No one is responsible for this more than the Federal Reserve Board.

#3 | Posted by BBQ at 2023-09-24 10:49 PM | Reply

------ right Snoofy!

No one is responsible for this more than the Federal Reserve Board.

#3 | POSTED BY BBQ

This is incorrect, the only reason for the "bills out of thin air" was to fund the government.

$33T in debt, whats the interest cost per year? More than defense spending.
You are being robbed by previous years of spending.

#4 | Posted by oneironaut at 2023-09-24 11:22 PM | Reply

More from the cited article...

... Many baby boomers across the country are now coming to terms with the hard reality that working for your entire adult life is no longer enough to guarantee you'll have a roof over your head in your later years.

Thanks in part to a series of recessions, high housing costs and a shortage of affordable housing, older adults are now the fastest-growing segment of America's homeless population, according to a report in the Wall Street Journal, based on data from the Department of Housing and Urban Development. ...

"These are people who worked their whole lives. They had typical lives, often working physically demanding jobs, and never made enough to put money away."

So... how do we handle these people who have built the vigorous economy we now enjoy?

Are they now destined to live under a bridge?

Red Hot Chili Peppers - Under The Bridge (1992)
www.youtube.com

#5 | Posted by LampLighter at 2023-09-24 11:58 PM | Reply | Newsworthy 3

Boomers should pull themselves up by their bootstraps.

What's the big deal?

#6 | Posted by Sycophant at 2023-09-25 09:51 AM | Reply | Newsworthy 1

Inflation crushes fixed incomes the hardest.

#7 | Posted by sitzkrieg at 2023-09-25 10:52 AM | Reply

Inflation crushes fixed incomes the hardest.
#7 | POSTED BY SITZKRIEG

Deflation crushes debt-as-income holders the hardest.

And that's why we will see Zimbabwe style hyperinflation before we see deflation.

Because deflation hurts the rich far more than hyperinflation.

#8 | Posted by snoofy at 2023-09-25 10:58 AM | Reply

Thanks to Trump and MAGA'ts.

#1 | POSTED BY A_MONSON AT 2023-09-24 02:53 PM | REPLY

Trump won??? What are you, an election denier?

#9 | Posted by fishpaw at 2023-09-25 12:41 PM | Reply | Newsworthy 1

"Trump won?"

Trump won the Spend Like A Drunken Sailor contest that all Republican Presidents engage in.

#10 | Posted by snoofy at 2023-09-25 12:57 PM | Reply

Trump won the Spend Like A Drunken Sailor contest that all Republican Presidents engage in.

#10 | POSTED BY SNOOFY AT 2023-09-25 12:57 PM | REPLY

He didn't out do Obama. You know, the one who bailed out the rich people you hate so much.

#11 | Posted by lfthndthrds at 2023-09-25 02:32 PM | Reply

" He didn't out do Obama. "

Based on what Republican Math?

How about this: Compare the economy Obama was handed, verses the one he handed off to Trump.

Then compare that, versus the one Trump handed off to Biden.

If you're honest, you'd have to admit Democrats are better for the economy than Republicans. Frankly, it's not even close.

#12 | Posted by Danforth at 2023-09-25 02:45 PM | Reply | Newsworthy 2

He didn't out do Obama. You know, the one who bailed out the rich people you hate so much.

#11 | POSTED BY LFTHNDTHRDS

Are you nuts?

Both added about $8 trillion.

Obama did it over 8 years with the Great Recession and with the Bush tax cuts.

Trump did it in ONLY 4 years with the Trump tax cuts. Trump grew the national debt $4.2 trillion in ONE YEAR.

#13 | Posted by Sycophant at 2023-09-25 02:52 PM | Reply | Newsworthy 3

#13 | POSTED BY SYCOPHANT AT 2023-09-25 02:52 PM#13 | POSTED BY SYCOPHANT AT 2023-09-25 02:52 PM

Someone had to pay for all the free money given away during COVID. I'm sure all the Democrats voted against that, right.

Just stop pretending one side is better than the other.

You sound as pitiful as Rine arguing that Trump caused a 15% unemployment rate.

#14 | Posted by lfthndthrds at 2023-09-25 02:55 PM | Reply

The real problem is with medical science extending the lives of the poors.

Makes you long for the good old days when they died in their 40s.

#15 | Posted by ClownShack at 2023-09-25 03:00 PM | Reply

Trump caused a 15% unemployment rate.
#14 | POSTED BY LFTHNDTURDS

TrumpVirus shut down the nation.

We're still recovering from his failure to protect America.

#16 | Posted by ClownShack at 2023-09-25 03:02 PM | Reply

Someone had to pay for all the free money given away during COVID. I'm sure all the Democrats voted against that, right.

Just stop pretending one side is better than the other.

You sound as pitiful as Rine arguing that Trump caused a 15% unemployment rate.

#14 | Posted by lfthndthrds

One side spends to help the working class and poor. The other side spends to help the rich.

One IS better than the other according to jesus.

#17 | Posted by SpeakSoftly at 2023-09-25 03:10 PM | Reply

"Just stop pretending one side is better than the other."

I wasn't pretending. I was using Actual Math. No wonder you're confused.

#18 | Posted by Danforth at 2023-09-25 03:30 PM | Reply | Newsworthy 1

" arguing that Trump caused a 15% unemployment rate."

Who was the President when Trump was in office you'd rather blame?

#19 | Posted by Danforth at 2023-09-25 03:37 PM | Reply

#13 | POSTED BY SYCOPHANT AT 2023-09-25 02:52 PM#13 | POSTED BY SYCOPHANT AT 2023-09-25 02:52 PM
Someone had to pay for all the free money given away during COVID. I'm sure all the Democrats voted against that, right.
Just stop pretending one side is better than the other.
You sound as pitiful as Rine arguing that Trump caused a 15% unemployment rate.

#14 | POSTED BY LFTHNDTHRDS

Who was President?

And who controlled the Senate?

You really are stupid. It's embarrassing.

#20 | Posted by Sycophant at 2023-09-25 03:45 PM | Reply

You really are stupid.

Facts.

It's embarrassing.

Republicans lack the self awareness necessary to be embarrassed.

#21 | Posted by ClownShack at 2023-09-25 03:55 PM | Reply

He didn't out do Obama.
#11 | POSTED BY LFTHNDTHRDS

Yes he did.
He spent as much money in half the time.
That wins Trump the Spend Like A Drunken Sailor Award.

I swear, you're so stupid, you don't even realize you're stupid.

#22 | Posted by snoofy at 2023-09-25 04:22 PM | Reply | Newsworthy 1

One side spends to help the working class and poor. The other side spends to help the rich.

One IS better than the other according to jesus.

#17 | POSTED BY SPEAKSOFTLY AT 2023-09-25 03:10 PM

Bailing out big banks is helping the working class? The working class who has to foot the bill?
You're in clownshack-stupid territory now.

#23 | Posted by lfthndthrds at 2023-09-25 04:22 PM | Reply

Bailing out big banks is helping the working class? The working class who has to foot the bill?
You're in clownshack-stupid territory now.

#23 | Posted by lfthndthrds

Passing the IRA bill and obamacare with zero republican votes is helping the working class.

Unlike republican's tax cuts for the rich.

#24 | Posted by SpeakSoftly at 2023-09-25 04:29 PM | Reply

Bailing out big banks is helping the working class? The working class who has to foot the bill?
You're in clownshack-stupid territory now.
#23 | POSTED BY LFTHNDTURDS

"2007-2008 financial crisis

Global financial firms Lehman Brothers and Bear Stearns went on to collapse, due in large part to their involvement in subprime lending. U.S. housing prices fell sharply, and millions of homeowners owed more on their mortgage loans than the amount their homes were worth."

"In 2008, the federal government created the Troubled Asset Relief Program (TARP), a $700 billion government bailout designed to keep troubled banks and other companies in operation. Through the TARP, around $245 billion in taxpayer money was used to stabilize more than 700 banks."

Who was President in 2008?

#25 | Posted by ClownShack at 2023-09-25 04:29 PM | Reply | Funny: 1 | Newsworthy 5

obamacare with zero republican votes is helping the working class.

The affordable care act helped people with preexisting conditions.

But overall was a gift to the insurance industry.

#26 | Posted by ClownShack at 2023-09-25 04:31 PM | Reply

Bailing out big banks is helping the working class? The working class who has to foot the bill?
You're in clownshack-stupid territory now.
#23 | POSTED BY LFTHNDTHRDS

What happens to the working class if the banks fail?
Where do their paychecks come from?
How do they survive while the global financial system rebuilds itself, or do you think the government has a replacement for banking and financial services just teed up and ready to go?

This is a perfect example of you being so incredibly stupid, you don't even realize you're stupid.

#27 | Posted by snoofy at 2023-09-25 04:32 PM | Reply

The affordable care act helped people with preexisting conditions.
But overall was a gift to the insurance industry.
#26 | POSTED BY CLOWNSHACK

Can you imagine what health care would look like right now if COVID was a pre-existing condition?
It's a shame we changed it. It would have resulted in tens of millions of dead Republicans.

#28 | Posted by snoofy at 2023-09-25 04:35 PM | Reply | Funny: 2 | Newsworthy 1

It would help eliminated all these homeless old people the article is mentioning.

Old age could be considered a preexisting condition.

Sorry grandma. You're old and poor. Time to die.

#29 | Posted by ClownShack at 2023-09-25 04:40 PM | Reply | Funny: 2

"What happens to the working class if the banks fail?
#27 | POSTED BY SNOOFY"

We could ask Iceland. Was not the disaster your side claimed it would be.

#30 | Posted by Claudio at 2023-09-26 07:51 AM | Reply | Funny: 1 | Newsworthy 1

Older Adults Are The Fastest Growing Homeless Population

I am sure that killing social security and medicare will fix this. Just ask the millionaires in the GOP that have their government funded cadillac health insurance plan.

obamacare with zero republican votes is helping the working class.

The affordable care act helped people with preexisting conditions.

But overall was a gift to the insurance industry.

#26 | Posted by ClownShack at 2023-09-25 04:31 PM | Reply | Flag

Yes it was. We are the only advanced nation that cannot have universal health care because the billionaires that own Congress would lose too much.

Even a medicare style option would expose how much waste goes to the top in our current illness industry. And if the top lose some of their billions, how are they going to afford to pay congress their bribes?

A good start was Obamacare. A better advance was allowing medicare negotiate drug prices.

#31 | Posted by Nixon at 2023-09-26 08:09 AM | Reply | Newsworthy 1

What happens to the working class if the banks fail?
#27 | POSTED BY SNOOFY

We could ask Iceland. Was not the disaster your side claimed it would be.
#30 | POSTED BY CLAUDIO

LOL. Okay. Go ahead and ask. Let us know what they say, okay?

#32 | Posted by snoofy at 2023-09-26 09:06 AM | Reply | Funny: 1

And I predict, over the next several decades, (if the GOP accomplishes
gutting the Social Safety Net the rest of the way), that
this nation's youth, will be one of its largest exports...

#33 | Posted by earthmuse at 2023-09-26 02:29 PM | Reply | Newsworthy 2

I graduated from a WI university with a shiny new MBA in HR and Operations Research in 1975. In recent months, gasoline had flared up to nearly 60 cents per gallon. It was a poorly performing economy for many people. Rentiers are presently sucking all of the spare change from the economy. There is a surplus of rental properties with generally rising rents, and a double-wide with no utilities in the Ozarks could cost you three grand a month, but no one will rent it. People working from home no longer need their office space downtown, and there's not many offers to sublet.

#34 | Posted by john47 at 2023-09-26 10:22 PM | Reply

This is a perfect example of you [lfthndturd] being so incredibly stupid, you don't even realize you're stupid.

#27 | Posted by snoofy

Worth repeating.

#35 | Posted by jpw at 2023-09-27 12:55 AM | Reply

Trump grew the national debt $4.2 trillion in ONE YEAR.

Throwing $800,000,000,000 of tax free money at "businesses" with no controls into whether they were legitimate businesses or had employees or were even in existence was the most dotarded thing he ever did.

"Business" owners lined up with their hands out to buy boats, sports cars, vacation homes with the funds that were supposed to pay payrolls of employees who could not work during COVID but had no oversight.

#36 | Posted by Nixon at 2023-09-27 07:59 AM | Reply

We could ask Iceland. Was not the disaster your side claimed it would be.

#30 | POSTED BY CLAUDIO

Yes, let's ask Iceland.

It obliterated their economy. Their currency lost 1/3 of its value. Their government debt went from 28% of GDP to 130%. Unemployment tripled. Assets in their pension fund (like Social Security) dropped 20%.

Because Iceland was small, it could rely on foreign loans. Because it has a huge welfare program, it could take care of its citizens. And Iceland guaranteed citizens' accounts while the banks failed.

It took almost 3 years to even begin reverse the damage and only was able to do so because of major socialist policies.

And by the way, Iceland didn't let the banks fail completely. It took them over. We can't do that here because Republicans scream Socialism.

So yes, let's look at Iceland.

#37 | Posted by Sycophant at 2023-09-27 10:36 AM | Reply | Newsworthy 1

"Unemployment tripled."

I saw that too.

Unemployment went from 2400 to 7200.

It's quite a stretch to compare that economy to the US economy. Where unemployment hit 10,100,000 due to COVID.

Plus, Iceland has social services that simply do not exist in America. They are better equipped for triple unemployed than the United States has even been.

#38 | Posted by snoofy at 2023-09-27 10:47 AM | Reply | Newsworthy 1