Thirty-two percent of Americans did not make a full, on-time housing payment in July due to the continued economic fallout of the coronavirus, according to online rental platform Apartment List.
This is the fourth straight month of a "historically high" number of Americans unable to pay their full hosing bill, the survey released on Wednesday found, and up slightly from 30% in June. Missed payments continue to hit renters, young and low-income households, and residents of dense urban areas the hardest.
And as eviction moratoriums and unemployment benefits expire across the country, Apartment List says that Americans worry missed payments could lead to them losing their homes.
"As overdue bills pile up, there is growing concern that a wave of evictions and foreclosures will hit the housing market,” the survey showed. "While eviction protections today vary dramatically from place to place, our survey shows widespread and growing concern about housing insecurity."