There’s a high cost to troubles of homelessness
I recently heard that New York City will spend $81,107 a year on each member of its homelessness population in 2025. The city’s total spending on the homeless went from $102 million in 2019 to $368 million in 2025 — an increase of 262%. That $81,107 is more than a lot of families live on in a year, so it seems that the most effective way to cure the homeless problem is to give the cash directly to the homeless. A recent report from state Comptroller Tom DiNapoli reported that despite surging expenditures, both the city and New York state struggle in tracking exactly where the ...