New York City is facing a level of homelessness not seen since the Great Depression in the 1930s

9/12/2023

Per Reuters:

New York City is facing a level of homelessness - not seen since the Great Depression in the 1930s.

That’s according to the Coalition for the Homeless, a not-for-profit.

As of mid-August, there were more than 110,000 people sleeping in the city’s shelter system each night.

And that number doesn’t include the thousands of unsheltered people who sleep on the streets.

Compounding the chronic problem is an influx of asylum seekers, who now make up more than half the sheltered population.

NEW YORK CITY MAYOR ERIC ADAMS: "Now we're getting people from all over the globe..."

Mayor Eric Adams says the city is running out of money, space and personnel to care for asylum seekers.

“I don't see an ending to this. This issue will destroy New York City. Destroy New York City. We're getting 10,000 migrants a month...”

Unusual Whales does not confirm the information's truthfulness or accuracy of the associated references, data, and cannot verify any of the information. Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Options, investing, trading is risky, and losses are more expected than profits. Please do own research before investing. Please only subscribe after reading our full terms and understanding options and the market, and the inherent risks of trading. It is highly recommended not to trade on this, or any, information from Unusual Whales. Markets are risky, and you will likely lose some or all of your capital. Please check our terms for full details.

Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Certain investment planning tools available on Unusual Whales may provide general investment education based on your input. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your legal or tax professional regarding your specific situation. See terms for more information.

The Blubber

FEATURED NEWS

US lawmakers have urged SEC to delist Alibaba, BABA, and other Chinese companies

Buffett and Berkshire now have $347.7 Billion of cash and cash equivalents as of the end of Q1 ...

Warren Buffett has downplayed recent market volatility as 'really nothing,' saying it's part of...

Warren Buffett says he will retire at the end of the year from Berkshire Hathaway

Stay Updated