Thursday, March 24, 2022

FINISHING OFF THE AMERICAN MIDDLE CLASS - BIDENOMICS AT WORK - Rising rents squeeze Americans across the country

 

Rising rents squeeze Americans across the country





We've talked about inflation a lot lately and how it's at a 40-year high. But rising rents are a part of that calculation. In many places around the country, rents have been climbing for months, far above the lows of the pandemic. And it's not only happening in the largest cities. Our community correspondents in New Orleans, Fresno, California and St. Louis have the story.

Rent Hikes as Much as 41% Drive Renters Out of Their Homes



Manhattan and San Francisco Lead Nation in Population Decline

By Terence P. Jeffrey | March 24, 2022 | 11:23am EDT

  
(Photo by David Paul Morris/Bloomberg via Getty Images)
(Photo by David Paul Morris/Bloomberg via Getty Images)

(CNSNews.com) - New York County, which is the borough of Manhattan, and San Francisco County, which is the City of San Francisco, led the nation with the highest percentages of population decline from April 1, 2020 to July 1, 2021, according to data published today by the Census Bureau.

New York County had a population of 1,694,251 as of April 1, 2020. By July 1, 2021, it had dropped to 1,576,876—a decline of 6.9 percent.

San Francisco County had a population of 873,965 as of April 1, 2020. By July 1, 2021, it had dropped to 815,201—a decline of 6.7 percent.

The other eight counties that ranked in the Top Ten for percentage of population loss were Williams County, North Dakota (6.0 percent); Calcasieu Parish, Louisiana (5.3 percent); Kings County, New York (3.5 percent); San Mateo County, California (3.5 percent); Suffolk County, Massachusetts (3.3 percent); Bronx County, New York (3.2 percent); Queens County, New York (3.1 percent); and Hudson County, New Jersey (3.1 percent).

When ranked by the actual net number of people by which their populations declined (as opposed to the percentage), the Top Three counties were Los Angeles County, California, which had a population decline of 184,465 from April 1, 2020 to July 1, 2021; New York County, which had a population decline of 117,375; and Cook County (which includes Chicago), which had a population decline of 102,395.

The other seven counties in the Top Ten for their numeric declines in population from July 1, 2020 to July 1, 2021 were Kings County, New York (95,022); Queens County, New York (74,321); San Francisco County, California (58,764); Santa Clara County, California (50,751); Bronx County, New York (47,706); Alameda County, California (33,797); and Miami-Dade County, Florida (38,990).

(Census Bureau Table)
 
(Census Bureau Table)



Joe Biden: Food Shortages ‘Going to Be Real’ Due to Russia War in Ukraine

Shoppers are seen wandering next to near empty shelves in a supermarket in Houston, Texas following winter storm Uri that left millions without power and caused water pipes to burst, on February 20, 2021. - Texas authorities have restored power statewide bringing relief after days of unprecedentedly frigid temperatures, but …
FRANCOIS PICARD/AFP via Getty Images
1:19

President Joe Biden acknowledged during a press conference in Brussels on Thursday that food shortages will hit the world as a result of Russia’s war in Ukraine.

“It’s going to be real,” Biden said when asked about discussions with world leaders about food shortages.

He pointed out that Russia and Ukraine were considered the “breadbasket of Europe,” producing nearly a third of wheat exports around the world. Biden also previewed tough times ahead for food supplies across the globe.

“The price of these sanctions is not just imposed upon Russia; it’s imposed upon an awful lot of countries, as well, including European countries and our country, as well,” Biden said.

Biden said he and Canadian Prime Minister Justin Trudeau promised European leaders the United States and Canada will act to bolster their supplies of grain.

President Joe Biden and Prime Minister of Canada Justin Trudeau during a meeting in the Oval Office, Thursday, Nov. 18, 2021. (POOL Photo by Doug Mills/The New York Times)

President Joe Biden and Prime Minister of Canada Justin Trudeau during a meeting in the Oval Office (POOL Photo by Doug Mills/The New York Times).

“We both talked about how we could increase and disseminate more rapidly food shortages,” he said.

Biden called for all European leaders to reduce or eliminate trade restrictions on food exports.

“We’re in the process of working out with our European friends what it would take to help alleviate the concerns relative to food shortages,” he said.





Rent Hikes as Much as 41% Drive Renters Out of Their Homes

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