HOUSEHOLD RENTAL DEBT DURING COVID-19

Eileen Divringi and Davin Reed

Community Affairs Discussion Paper from Federal Reserve Bank of Philadelphia

Abstract: COVID-19 and associated economic shutdowns have led to unprecedented job losses, with up to 20 million households and 24 million individuals experiencing an unemployment spell between March 2020 and August 2020.1 The scale of these losses, their disproportionate impact on lower-income workers, and the uncertain timeline of economic recovery have raised concerns about the ability of households to maintain rent payments while out of work.

Pages: 28
Date: 2020-10-01
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