A new report on Household Rental Debt During COVID-19 from the Federal Reserve Bank of Philadelphia estimates that in March 2021, 1.8 million renter households, representing 5 million individuals, will owe $11 billion in rent—approximately $6,100 per household. That number represents 5.4 percent of all renter householders and 15 percent of those who experienced job loss due to COVID-19.
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