Receive our newsletter – data, insights and analysis delivered to you

US fiscal aid delays could make 28 million homeless – countries struggle to control second wave of Covid infections

By Paul Dennis

28 July

Rising unemployment rates, end to unemployment benefits and surge in Covid-19 cases may soon leave people homeless in the US.

Sudeep Reddy, managing editor at Politico, shared an article on how the recession induced by the Covid-19 pandemic is causing a housing crisis that is worse than the 2008 crisis.

Approximately 50% of tenants in the US have been burdened by rent during pandemic.

The situation has mainly resulted because fiscal aid applications for unemployment benefits are not being cleared quickly.

As a result, one third of US households have not been able to make their full housing payments for July.

Content from our partners
The added value of Qarad’s multilingual freephone service to their eIFU solution
Small and simple: how medical device manufacturers select materials
Precision wire: The future of bespoke medical treatment

By October, more than 28 million people in the US may be evicted if action is not taken.

In other news, economist Christophe Barraud, shares an article on how the several countries are struggling to control a second wave of Covid-19 infections and are imposing fresh lockdowns.

Read more

Related Companies

Topics in this article:
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The medical device industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU