California renters are not in a good place, financially speaking.found when it surveyed 1,576 adults in June.
It’s been a tough time to balance the household checkbook, as 40% of tenants polled who said their monetary situation is worse off than a year ago vs. 26% for owners.business climate is now in a “serious” or “moderate” recessionAnd the future is even more bleak with 71% of renters saying the next 12 months in California will be “bad times” economically vs. 66% of owners. The outlook is even darker nationally where 79% of renters and 74% of owners see bad times ahead for the U.S. economy.
The cash crunch means poverty is troublesome — a “big problem” for their part of California for 46% of renters vs. 38% of owners.
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