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Homelessness in America: How Businesses Can Help

Homelessness in America: How Businesses Can Help

Millions of Americans face profound challenges daily — especially those lacking one of the most basic human necessities: a home. November is National Homelessness Awareness Month, a time to reflect on the persistence of this widespread crisis impacting nearly every corner of our nation. It calls for an urgent, unified response. Now more than ever, it’s crucial for businesses and nonprofits to join forces to provide individuals and families experiencing homelessness with the essential resources and support needed not only to survive but to rebuild their lives.

Homelessness Statistics

The latest data indicates that homelessness in America has reached unprecedented levels, with its demographic becoming increasingly diverse — now including entire families, individual youth, and older adults. Furthermore, an estimated 30% of those experiencing homelessness are children, while more than 40,000 are military veterans who served our country and now face this harsh reality in return. The crisis is exacerbated by economic factors that are beyond individuals’ control. For example, the COVID-19 pandemic has had a lasting impact on low-income households, with millions of families often just one paycheck away from homelessness. Rising rent prices, stagnant wages, and a nationwide housing shortage have compounded the issue. As a result, homelessness is not only increasing but also becoming a cycle of poverty that can be difficult to break free from.

According to the National Alliance to End Homelessness, the U.S. experienced a record high in January 2023 when over 650,000 people experienced homelessness on a single night. This marked an increase of more than 12 percent compared to 2022. Additionally, more people are experiencing homelessness for the first time than ever before. From 2019 to 2023, the number of those entering shelters for the first time rose by more than 23 percent.

Most experts agree that the main causes of homelessness include a lack of affordable housing, economic and racial inequality, mental health issues, and substance abuse, among others. California, New York, Florida, and Washington are some of the leading states facing the challenge of homelessness. Cities like Atlanta, Denver, Austin, and Los Angeles are addressing this crisis by creating micro-communities of compact, affordable housing. Not surprisingly, affordable housing in America was a hot topic in this year’s presidential election, with both candidates emphasizing approaches to tackle the issue, according to the Associated Press.

Essential Needs for Those Experiencing Homelessness

Addressing the complex issue of homelessness requires a comprehensive understanding of the most critical needs faced by those without stable housing. While individual and collective efforts are essential, pinpointing the fundamental necessities can help direct resources and support where they are most needed. Here are just a handful of the most critical needs for individuals and families experiencing homelessness:

How Businesses Can Support Nonprofits Tackling Homelessness in America

Many nonprofits are emerging from two challenging years in which inflation eroded their gains in donations. In 2023, overall charitable giving dropped 2.1 percent when adjusted for inflation, according to the most recent Giving USA report. Businesses of all sizes play a crucial role in addressing the challenges of homelessness. These partnerships are not only impactful but also simple for businesses to establish.

Nonprofits — those that serve the underserved — are on the frontlines of America’s homelessness crisis, and they need our continuous support. Businesses can choose from various donation options, such as providing surplus products or valuable services, sponsoring community drives, or offering financial support. Here are a few ways businesses can make a positive impact in their communities:

Homelessness in America is a solvable issue, but it demands sustained, collective action. By partnering with nonprofits, we can amplify our impact, strengthen communities, and bring hope to those who need it most. As we approach the holiday season and nonprofits and relief organizations face a decline in philanthropic giving, there has never been a better time to give back. We encourage all business leaders to reflect on how they can mobilize their resources — through products, funding, services, or volunteer time — to support the vital services that nonprofits deliver to our growing homeless population.

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