More than 6M households missed their rent or mortgage payment in September

  • 📰 USATODAY
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 63%

United States Headlines News

United States Latest News,United States Headlines

In the third quarter, the percent of homeowners and renters behind on their payments fell slightly from the prior quarter. Still, the overall amount remains high, experts caution.

Over the summer, rent and mortgage payment collections improved as states resumed business reopenings and more Americans returned to work. High unemployment, however, continues to place hardships on millions of U.S. households., the Labor Department said earlier this month. Overall, the economy is still recouping jobs in outsize fashion after shedding a record 22.1 million in early spring, but the recovery is slowing.

"With the current eviction moratorium expiring in January, the situation could be even more challenging for renters,” Gary V. Engelhardt, professor of economics in the Maxwell School of Citizenship and Public Affairs at Syracuse University, said in a note. “Many renter households across the country could find themselves with no place to live and no means to repay missed payments."through the end of the year. The moratorium, which will run through Dec.

Student debt borrowers receiving unemployment rose from 3% in early April to 8% by the end of September. In August, the Trump administration extended relief from March and suspended student loan payments, stopped collections and waived interest on federally held student loans until Dec. 31.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

USA TODAY Billionaires got $637 BILLION dollars richer during the pandemic. Americans are standing in food lines for the first time in their lives. Food lines not seen since the Great Depression. The Billionaires have decided to celebrate by eating GOLD. Bon Appetit!

The last Republican president we had before Trump was Bush 2 and he left the economy in shambles . millions were jobless and homeless and Obama and Biden had to pick up the pieces without any Republican help and put together a recovery stimulus program. Deja vu all over again!

how are you doing nice to meet you

Yet the speaker of the house states that congress knows what is best for it’s constituents. How about a government that actually cares more about the people that vote then in, than playing partisan politics. I don’t know maybe a government FOR THE PEOPLE, rather than themselves.

Thanks, Nancy Pelosi.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 100. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

So sad because trump doesn’t do anything to prevent sickness!! Moscow Mitch (senatemajldr) SenateGOP
Source: USATODAY - 🏆 100. / 63 Read more »

Gun Sales Surge In California During Coronavirus Pandemic, Study FindsOver 47,000 new gun-owning households may have come about. problem? To kill the virus? C'mon! EndSARS
Source: Forbes - 🏆 394. / 53 Read more »

Mom makes elaborate $5 Halloween costumes out of cardboard boxes. Get her step-by-step guide for a must-try costumeIf you have cardboard boxes lying around the house, you could be looking at your next great Halloween costume. Huh. Looks like tissue paper to me. i thought covid lives on cardboard
Source: ABC - 🏆 471. / 51 Read more »

Nicki Minaj Denies Fan’s Claim That Her Baby’s Name Is JeremiahNicki Minaj welcomed her first child with husband Kenneth Petty in September — details Big Cock
Source: usweekly - 🏆 390. / 55 Read more »

How Mindy Kaling Kept Her Second Pregnancy SecretMindy welcomed her second child and first son in September. Just don’t mention it on social media . Simple
Source: ELLE Magazine (US) - 🏆 472. / 51 Read more »

Here’s The No. 1 Reason People Don’t Refinance Their MortgagesA new YouGov survey for Forbes Advisor examines why nearly 20 million eligible homeowners have not taken advantage of record low mortgage rates by refinancing their home loans. aBetterNigeria EndInsecurity EndBadGovernmentinNIGERIA I fit shoot you here and nothing go happen endears Because credit.
Source: Forbes - 🏆 394. / 53 Read more »