The recent stimulus will help millions of renters.
The additional stimulus payments will bring their typical rent burdens from more than 80% of their income to less than half of that percentage, according to a Zillow analysis. But even with this help, millions of people are behind on their rent payments and face an incredible challenge catching up.
At least three million renters who were employed last March lost their jobs and were still out of work in November, according to Zillow.
Read more...Millions of Renters Are In a Deep Financial Hole via GlobeSt