Financial Insecurity and COVID-19
This report examines the financial situation of the 3.4 million households who rent and whose primary source of income is wages and salaries or self-employment income. Everyone will be eventually touched by the economic impacts of the COVID-19 pandemic, but rent is due soon. Specifically, it addresses the following question: How many weeks or months can renters go without employment income before running out of savings?
The short answer is that almost half of them have less than a month’s worth of savings; one-third have two weeks or less.
