- The UK has one of the worst homelessness problems in Europe, with about 1 in 50 Londoners experiencing homelessness.
- The UK economy stagnated for 10 years following 2008, resulting in a "lost decade"
- The median disposable income in the UK was slightly lower than the US and Norway before the GFC by 6-8%, not it's 16-20% behind.
IDK if I'd call this a crisis, i.e. people aren't rioting in the streets. That said, this is not the direction you want to be moving in as a developed country. The trend of people in formerly dominant countries electing leaders who keep making stupid own goals (increasing economic inequality, Brexit, gutting the NHS, gutting US foreign aid, tariff-pocalypse) is very worrying.
Hey, so I was wrong in saying the UK has 10x the homelessness rate of the US. I used a stat from the video that "approximately one in fifty Londoners are now homeless." That's London, not the UK. Thanks for catching that -- I will update my post.
But also, uh, you're wrong too! Your numerator for the UK figure is actually an estimate for homeless people in England, while your denominator includes the whole UK.
Homelessness is a housing issue first, a poverty issue second. See housing as a game or musical chairs. If you don't have enough, the one getting stuffed first are the slowests (in that case, the unemployed poor, then the working poor).
- The UK has one of the worst homelessness problems in Europe, with about 1 in 50 Londoners experiencing homelessness.
- The UK economy stagnated for 10 years following 2008, resulting in a "lost decade"
- The median disposable income in the UK was slightly lower than the US and Norway before the GFC by 6-8%, not it's 16-20% behind.
IDK if I'd call this a crisis, i.e. people aren't rioting in the streets. That said, this is not the direction you want to be moving in as a developed country. The trend of people in formerly dominant countries electing leaders who keep making stupid own goals (increasing economic inequality, Brexit, gutting the NHS, gutting US foreign aid, tariff-pocalypse) is very worrying.