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Renters face financial cliff ahead; limited help available

 

Last updated 7/8/2020 at 11:20am



SARAH SKIDMORE SELL

AP Personal Finance Writer

Renters are nearing the end of their financial rope.

People who rent have largely been able to survive the initial months of the pandemic helped by unemployment and federal relief checks. But the extra $600 in unemployment benefits ceases at the end of July and local eviction moratoriums are expiring. There is no agreement between the White House and Congress on a second federal relief package.

More broadly, there are fewer supports in place for renters than for homeowners. And as a jump in virus cases in numerous states nationwide adds more un...



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