I found out it wasn't as many homeless people in the 60's and 70's

From what I remember homelessness soared under the Reagan administration. It was due to policies of his HUD dept..

I don't know the details, just a vague memory.
 
In 2000, The National Alliance to End Homelessness published, “A Plan, Not A Dream: How to End Homelessness” which gives a very brief explanation of how homelessness developed: “While the seeds of homelessness were planted in the 1960s and 1970s with deinstitutionalization of mentally ill people and loss of affordable housing stock, widespread homelessness did not emerge until the 1980s.”

It lists several factors that affected the increase in homelessness:

• Lack of affordable housing.

• Income from employment and benefits not keeping pace with costs of available housing.

• Social trends, including illegal drugs, single parent households and “thinning support networks.”


Homelessness By The Numbers
 
More than 25 percent of the homeless are combat veterans.

Predominantly Vietnam.
 

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