Full Citation
Title: Household Rental Debt During COVID-19: UPDATE FOR 2021
Citation Type: Miscellaneous
Publication Year: 2021
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Abstract: This report provides an updated look at the current and future state of household rental debt during COVID-19. It builds on our October 2020 report (Reed and Divringi, 2020), which simulated income losses for renter households and estimated their resulting rental debt for different stimulus and unemployment insurance (UI) policy scenarios. We add to the October 2020 report in four key ways: We update employment changes through December 2020. We incorporate income lost from involuntary part-time employment. We forecast rental debt through September 2021. We incorporate the economic stimulus payments and enhanced UI benefits enacted in December 2020 and currently being proposed for March 2021. Our results help policymakers better understand current and future levels of rental debt both overall and by household type, how effective different policies have been at reducing rental debt, and where gaps remain that might be filled by alternative policies such as local rental assistance.
User Submitted?: No
Authors: Reed, Davin; Divringi, Eileen
Publisher: Federal Reserve Bank
Data Collections: IPUMS USA, IPUMS CPS
Topics: Housing and Segregation
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