As new cases of Covid-19 rise across the U.S. and stall many state reopening plans, almost 13% of renters say they have “no confidence” in their ability to pay next month’s rent.
An additional 20% only have “slight confidence” in making the payment, according to a U.S. Census Bureau survey conducted from June 25 to June 30.
Federal and local authorities have imposed curbs on evictions during the pandemic, but there’s growing concern that tenants across the country will be at risk when those measures expire, which in many cases means this month.
For example, the CARES Act — the main virus relief bill approved by Congress — imposed a moratorium on evictions from properties whose mortgages are financed by federal agencies like Fannie Mae, an estimated 12.3 million homes. The protection is due to run out on July 25.
58,601 in U.S.Most new cases today
-6% Change in MSCI World Index of global stocks since Wuhan lockdown, Jan. 23
-1.083 Change in U.S. treasury bond yield since Wuhan lockdown, Jan. 23
4.4% Global GDP Tracker (annualized), June