According to a recent U.S. Census Bureau Household Pulse Survey, 42% of renter households earning less than $35,000 per year are not confident of being able to pay this month’s rent.
Last week, the Trump administration said it is implementing a national four-month moratorium on residential evictions. It went into effect on Friday and will run until 31 December. The new initiative applies to individuals earning less than $99,000 a year and who are unable to make rent or housing payments. The move comes after Republicans and Democrats in Congress failed to reach a deal on another coronavirus rescue package.