cost of living leading to homelessness

Cost of living  leading to homelessness  

 living in today’s economical dominated world is not an easy task to go through in the 20th century. day to day living is just getting more and more expensive as the years go by.   with housing markets skyrocketing and rental agreements demanding more money and adding on different fees like security deposits and cleaning fees, property tax etc. not even including other bills that pile up that are dwindling down one’s earnings. 

 

the list goes on and on the debt that many Americans rack up just trying to get by and live moderately comfortable lives. from auto debt, to homeowner’s debt, health care debt, incidental debt. it all adds ups and can cause extreme economical defenses to stay afloat. according to   the website Gobankingrates.com" jumped in and did the math for us in their piece, “How Much Money You Need to Live Comfortably in the 50 Biggest Cities”. They calculated an annual income of $74,371 was about right for the average person to live comfortably in Los Angeles."  with an average salary at almost $75,000 a year the average income in the in California is roughly 10,000 less than the average income. stated by www.smartassets.com "The average salary in California is $63,783. That is the median salary, which is a more accurate picture of average salaries in California than the mean salary. The mean salary is $91,149. Your salary in California largely will depend on where you live and what your job is"

 with such high-income requirement rated just to get by living a moderately comfortable the homelessness population has no other option but to increase apt of people do not have the drive to continue to fight for the bare minimum for years on end with more debt piling up over time especially with COVID-19 there has been a dramatic surplus of homelessness