About 12 million renters owe over $5,000 in past-due rent, according to a recent survey, while about one-in-five families with children have fallen behind on paying their rent, The Washington Post reports.
The Census Bureau found that 21% of families are falling behind on rent, including 29% of Black families and 17% of Hispanic families. The Federal Reserve Bank of Philadelphia found that 1.3 million households with people who had a job before the coronavirus pandemic and lost it after are, on average, $5,400 in debt when it comes to rent and utilities.
“The tidal wave is coming. It’s going to be really horrible for people,” Charlie Harak, a senior attorney at the National Consumer Law Center, told the Post. “The number of people who are now 90 days behind and the dollars they are behind are growing quite significantly.”
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{Matzav.com}
What day of the month was the survey taken on? It makes a big difference. At the beginning of the month you will have a lot more people behind on rent than in the end.
The Census Bureau found that 21% of families are falling behind on rent, including 29% of Black families and 17% of Hispanic families.
Without Corona to blame they would never tell us which ethnic groups are more behind in rent…