Adults in lower-income and younger households who suffered job losses during the COVID-19 pandemic have less confidence they can pay the next month’s rent or mortgage on time and suffer more mental anguish and food insecurity.
This is according to the U.S. Census Bureau from one of its interim surveys called the Household Pulse Survey.
Among households that experienced lost employment income, half of adults in households with an income of less than $25,000 had either “no confidence” or “slight confidence” in their ability to pay the next month’s rent or mortgage on time, compared with 8.4% of adults in households with an income of $100,000 or more.
Among respondents ages 25 to 39, 33.7% had either “no confidence” or “slight confidence” in their household’s ability to pay the next month’s rent or mortgage on time, while 12.2% of respondents ages 65 and above felt this way.
