Nearly 20 Percent of American Renters Are Behind on Payments, Analysis Shows

About 18% of renters, or roughly 10 million people, in the U.S. are behind on their monthly payments as of early January, according to an Urban Institute analysis.

Researchers Jim Parrott, a fellow at the Urban Institute, and Mark Zandi, the chief economist of Moody’s Analytics, calculated that 18% of U.S. renters were behind on payments and warned that if lawmakers didn’t act fast, there could be a major eviction crisis. The average delinquent renter is four months behind on payments and owes $5,600, the researchers estimated using Bureau of Labor Statistics figures.

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Minnesota’s State and National Dems Want to Cancel Rent and Mortgage Payments

  An executive order from Gov. Tim Walz bans evictions, foreclosures, and lease terminations for the duration of the state’s peacetime emergency, but one Democratic lawmaker wants to take things a step further. State Sen. Jeff Hayden (DFL-Minneapolis) recently called for a “rent and mortgage moratorium” in Minnesota, an idea…

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