Six million people paid housing payments late
After reports that talks of a second stimulus payment to Americans for COVID-19 relief have been put on hold by the White House, the nation continues to struggle with rent and mortgage payments.
USA Today reported that in the month of September, over six million people paid housing payments late, partially, or not at all, as per a report from the Mortgage Bankers Association’s Research Institute for Housing America.
Last month, 7.1 percent of homeowners either missed or partially paid their mortgages, which accounts for 3.37 million people. 2.82 million renters, which is 8.5 percent of renters in the country, either didn’t pay their rent at all or paid it late.
The Department of Labor stated in August that unemployment in America had gone from 7.9 percent to 8.4 percent.
There was a 4 percent increase in renters receiving unemployment benefits over a four month period, rising from 3 percent in April to 7 percent in September.
The percentage of homeowners claiming unemployment during that same time period has held steady at 3 percent.