The Rent Is Due Soon

Financial Insecurity and COVID-19
March 23, 2020
418.65 KB13 pages

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.