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The Economic Consequences of Homelessness in The US

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May 620 417 712 348 903<br />

August 951 509 930 439 997<br />

November 757 445 779 458 955<br />

*Start<strong>in</strong>g <strong>in</strong> 2014, unsheltered counts <strong>in</strong>clude <strong>in</strong>creased coverage <strong>of</strong> the Kens<strong>in</strong>gton area<br />

and other communities that were not previously <strong>in</strong>cluded, caus<strong>in</strong>g street count numbers<br />

to <strong>in</strong>crease.<br />

Causes <strong>of</strong> <strong>Homelessness</strong> <strong>in</strong> Philadelphia<br />

<strong>The</strong> causes <strong>of</strong> homelessness are diverse and related to many systemic and <strong>in</strong>stitutional<br />

structures with<strong>in</strong> our country. We recognize that there are many causes <strong>of</strong><br />

homelessness and many are <strong>in</strong>terwoven. Unfortunately, there is not always good data<br />

to demonstrate the impact <strong>of</strong> these forces.<br />

For our purposes, we have chosen to highlight only a few causes <strong>of</strong> homelessness <strong>in</strong><br />

Philadelphia with support<strong>in</strong>g data<br />

1. Poverty from a lack <strong>of</strong> jobs at competitive liv<strong>in</strong>g wages.<br />

<br />

Philadelphia has a 26% poverty rate, one <strong>of</strong> the highest <strong>in</strong> the nation. Of that<br />

26%, nearly half (12.2%) are liv<strong>in</strong>g <strong>in</strong> deep poverty, with <strong>in</strong>comes below 50% <strong>of</strong><br />

the federal poverty limit.<br />

2. Disparity between hous<strong>in</strong>g costs and m<strong>in</strong>imum wage, public supports, or<br />

earned benefits.<br />

<br />

<br />

In Philadelphia, a person would have to work 106 hours per week at the<br />

m<strong>in</strong>imum hourly wage <strong>of</strong> $7.25 to afford even a modest one-bedroom apartment.<br />

Pennsylvania’s Supplemental Security Income payment is only $750 per month,<br />

while the average fair market rent for a one-bedroom apartment is $1,003 per<br />

month -- nearly double the amount <strong>of</strong> the SSI payment.<br />

Page 21 <strong>of</strong> 289

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