Tuesday, August 30, 2022

Rising Rents, Inflation Could Push 3.8 Million Renters Out of Their Homes


MoneyWise: For the first time ever, the median rent in the U.S. topped $2,000 a month in June — and the increases show no sign of stopping. Those rising rents mean that households representing a total of 8.5 million people were behind on their rent at the end of August, according to Census Bureau figures. And 3.8 million of those renters say they’re somewhat or very likely to be evicted in the next two months (MoneyWise). 

Daily Wire: In some places like Los Angeles County, the local government also has been sluggish in disbursing emergency funds to landlords who lost money when tenants stopped paying (Daily Wire).

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