Americans can’t pay rent, much less afford a home
Americans were drowning in debt even before the COVID-19 pandemic hit the country and stalled the economy and cost many their jobs. The unemployment rate has decreased since its peak in April at 14.7%, but it is still around 10%.[reit]Q2 2020 hedge fund letters, conferences and moreThe situation is grim for people in major metro areas across the country who are on unemployment insurance (UI), as the disparity between rent payments and UI is wide.People in most major cities simply cannot afford rent and other basic living expenses.10 least affordable cities on unemployment insuranceAccording to...