Rep. Maxine Waters highlighted a grave housing crisis exacerbated by the economic policies of the Trump administration. Currently, millions of low-wage earners, seniors, and disabled individuals face homelessness amid a severe shortage of affordable housing. With nearly 7 million units lacking and rents rising sharply, many families struggle to make payments. The economic instability predominantly affects those in lower-income brackets, worsened by foreclosures and stagnant wages. Economists warn of potential job losses due to current trade policies, further escalating the crisis for vulnerable communities.
"Shelter continues to account for more than a third of CPI, and the rent inflation measure within the CPI is up, so rents continue to rise."
"We're in a moment of a lot of economic instability, and for poor and working-class families, what that looks like is they weren't able to pay the rent."
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