An estimated 27% of adults in the U.S. missed their rent or mortgage payment for July. That’s probably going to be worse in August.
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Among renters alone, just over one-third said in a late-July survey that they had little to no confidence that they could make their August rent payment.
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The survey registers the deepest uncertainty across the South, where in some states, more than one-third of renters and homeowners said they missed their last rent or mortgage payment. They also said they would struggle to meet their payments for August.
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Over the last 90 days, the Census Bureau conducted this survey by polling Americans weekly on their financial, physical and mental well-being. The responses show large shares of Americans foregoing medical care and many struggling with food insecurity.
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Millions of renters — and homeowners — are still relying on the federal $600 boost to unemployment to pay their bills.
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Up until July 31, a federal moratorium on evictions had shielded between 12 million and 20 million households.
Now, Americans who are out of work may be on the verge of a cliff.
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