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Document Type: | General |
Publish Date: | 10-Aug-20 |
Primary Author: | Michela Zonta |
Edited By: | Tabassum Rahmani |
Published By: | .americanprogress.org/issues/economy/reports/2020/08/10/488313/e |
Rising income inequality, combined with high housing costs, and a shortage of affordable rental housing across the nation and particularly in large metropolitan regions, has been creating a significant financial burden for growing numbers of working families, especially those of low income workers. And the COVID-19 pandemic and related shutdowns and layoffs have exacerbated this problem. Lower-wage workers in particular are the most likely to have incurred a loss of income due to the pandemic. And as a disproportionate segment of low income households rent their homes (see Figure 1), many are facing housing insecurity and evictions, as they lack the financial resources to compensate for missed paychecks.