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Racial And Ethnic Disparities In Housing Distress During The Pandemic


Racial And Ethnic Disparities In Housing Distress During The Pandemic
from the St Louis Fed
The COVID-19 pandemic has caused widespread disruption to family financial stability, among many other things. According to the Census Bureau’s Household Pulse Survey, around 18.6 million Americans reported experiencing housing distress (defined as falling behind on mortgage or rent payments) during the period of Jan. 20 to Feb. 1, 2021.
Falling behind on payments can lead to eviction or foreclosure, both of which can be devastating for households’ financial, physical and mental health. Furthermore, loss of housing during the pandemic can lead to greater transmission of the COVID-19 virus through the inability to shelter at home and overcrowding of shelters and the homes of family and friends, undermining a critical public health goal. ....

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