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Debt Piles Up for Low-Income Renters


Debt Piles Up for Low-Income Renters
As the end of federal and state eviction moratoriums looms, renters who fell behind on payments during the pandemic now face staggering amounts of debt.
June 1, 2021, 5am PDT | Diana Ionescu |
Renters who fell behind during the pandemic face staggering debts, with many teetering on the edge of eviction, writes Stefanos Chen for the New York Times. According to a report from NYU s Furman Center that analyzed low-income New York renter households, the average rent owed by households with arrears through the year ending February 2021 jumped 66 percent. Additionally, [t]he share of households that owed more than $3,000 increased 65.5 percent, to 2,059 from 1,244; and the share of households owing $10,000 or more jumped 140 percent, to 672 from 280. ....

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