While employment is rising and strains on household budgets have eased in recent months, the employment rate remains low and millions still report that their households did not get enough to eat or are not caught up on rent payments. We are able to track the extent of the nation’s progress against hardship thanks to nearly real-time data from several sources on the ongoing economic crisis.
Key hardship indicators show strong improvement since December, Census Bureau data show, aided by job growth and government benefits. Hardship rates fell especially fast after the enactment of the American Rescue Plan on March 11, which included $1,400 payments for most Americans as well as other assistance to struggling households. Nonetheless, 20 million adults live in households that did not get enough to eat, 11.4 million adult renters are behind on rent, and some of the progress from late March appears to be waning. We at OakTree Community homes are here to help!
Email us today at info@oaktreecommunityhomes.com to find out how we may be able to assist you with your housing needs.
Check out the rest of the article at https://www.cbpp.org/research/poverty-and-inequality/tracking-the-covid-19-recessions-effects-on-food-housing-and
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