The impact of the 2008 World Financial Crisis on Homelessness in Developed Countries: the casestudy of New York City

Abstract

This research is concerned with the 2008 World Financial Crisis impact on homelessness in developed cities. After giving brief background about homelessness and its size in the United States, the research discusses homelessness nature in New York, its size/scale and the main individual/structural causes through the housing pathway framework within the 2008 financial crisis role on homelessness. The research then critically review the federal and local responses to homelessness pointing out the main policy instruments used and the possible strengths and weaknesses. Finally, the research lists some recommendations such as lower level of welfare system, group borrowing, and providing jobs.