1. Inflation can drive up the cost of living, including housing expenses. When housing costs rise faster than income, it can become more challenging for individuals and families to afford stable housing. This can increase the risk of housing instability and potentially contribute to homelessness, particularly for those living on low incomes.
  2. Inflation can affect the rental market, leading to increased rents. When rental prices escalate rapidly and exceed wage growth, it can strain individuals and families, making it harder to secure and maintain affordable housing.
  3. Inflation affects the overall cost of living, including essential goods and services. Rising prices for food, healthcare, transportation, and other necessities can strain individuals and families, making it more difficult to meet basic needs and potentially leading to housing instability.
  4. Inflation can outpace wage growth, resulting in wage stagnation or even a decline in real wages. If wages do not keep up with inflation, individuals may struggle to afford housing, leading to housing instability and potentially homelessness.