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Thu Jul 9, 2020, 07:30 AM

32% of U.S. households missed their July housing payments

As the economic fallout from the coronavirus pandemic continues, almost one-third of U.S. households, 32%, have not made their full housing payments for July yet, according to a survey by Apartment List, an online rental platform.

About 19% of Americans made no housing payment at all during the first week of the month, and 13% paid only a portion of their rent or mortgage.

That’s the fourth month in a row that a “historically high” number of households were unable to pay their housing bill on time and in full, up from 30% in June and 31% in May. Renters, low-income and younger households were most likely to miss their payments, Apartment List found.

In April, May and June, the majority of missed housing payments were made by the end of month, Apartment List reports. Almost 90% of households had paid some or all of their rent or mortgage payment by the end of June. But with late fees tacked on, those households may be more likely to miss their next housing bill, perpetuating a vicious cycle


https://www.cnbc.com/2020/07/08/32-percent-of-us-households-missed-their-july-housing-payments.html

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Reply 32% of U.S. households missed their July housing payments (Original post)
douglas9 Jul 2020 OP
Laelth Jul 2020 #1
safeinOhio Jul 2020 #2
Proud liberal 80 Jul 2020 #3

Response to douglas9 (Original post)

Thu Jul 9, 2020, 07:33 AM

1. Not good.

Yikes! We’re in a bad way. The only silver lining that I can see is that all this misery may give us a blue tsunami in November.

-Laelth

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Response to douglas9 (Original post)

Thu Jul 9, 2020, 07:36 AM

2. So, are you

better off than you were four years ago?

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Response to douglas9 (Original post)

Thu Jul 9, 2020, 08:19 AM

3. My mortgage is due on the 1st

But I have always had it come out on the 13th and it isn’t considered late.

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