In December, hundreds of thousands of Americans weren’t able to pay their rent on time.  Data compiled by the National Multifamily Housing Council (NMHC) shows that last December only 92% of households paid their rent on time compared to 98% in April of 2019.

The number of renters paying on time each month has trended down since at least April of 2019, preceding the pandemic, but the economic hardships from lockdowns have only accelerated it. Lost jobs and income during the early months of the covid-19 pandemic meant many renters were suddenly unable to make ends meet. Even as rents began climbing again in 2021—median rents are up nearly 15% around the country— millions of US renters were still out of work.

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