Thursday, August 06, 2020

One-Third of Renters Unsure about Ability to Pay Rent

One-third of the nation's renters told the Census Bureau that they had no or only slight confidence in their ability to pay next month's rent. The Census Bureau's Household Pulse Survey has been measuring the impact of the coronavirus on American households each week since early May. The latest results (collected during the week of July 16-21) show many of the nation's renters risking eviction as Covid relief benefits run out. Here are the demographics of those who may not be able to make their next rent payment...

Percent of renters with no/only slight confidence in ability to pay next month's rent (July 16-21)
33% of all renters

29% of those aged 18 to 24
36% of those aged 25 to 39
39% of those aged 40 to 54
28% of those aged 55 to 64
13% of those aged 65-plus

22% of non-Hispanic whites
27% of Asians
42% of Blacks
49% of Hispanics

43% of households with children under age 18

Source: Census Bureau, Week 12 Household Pulse Survey: July 16-21

No comments:

Post a Comment