Eviction moratoriums in several large cities and states across the U.S. are set to expire at the end of July along with federal unemployment checks for those without a job. With COVID-19 continuing to sweep through the country at roughly 60,000 new cases a day, businesses are staying closed and tens of millions of workers are still without a job. A new federal survey shows over a third of U.S. renters have little or no confidence in being able to afford rent in August.
In the “Household Pulse Survey” conducted by the U.S. government for the week between July 9-14, 35 percent of respondents said they had slight or no confidence in being able to make rent in August. Just 38 percent had a high level of confidence, while 1 percent said they had already deferred next month’s payment.
The U.S. is facing an unprecedented eviction crisis if Congress is unable to quickly pass a new stimulus relief bill. Many landlords are also hurting for income and won’t hesitate to take legal action against tenants unable to pay rent after the mandated moratorium is lifted. One study from Colorado shows that over 20 million people are at risk of eviction beginning in August if federal legislation isn’t passed soon.