Thirty percent of renters experienced food insecurity during 2017, compared with 13% reporting trouble meeting rent payments, suggesting they prioritize rent over food. Nearly 20% of renters had an unmet medical need because of cost or problems paying family medical bills, according to research by the Urban Institute.
Corianne Scally, senior research associate in the Metropolitan Housing and Communities Policy Center at the Urban Institute, details the findings of the eye-opening study.
"Renters face greater financial uncertainties than homeowners, making them more vulnerable to hardship. More renters (28%) than owners (18%) express low confidence in their ability to produce a $400 savings cushion to cover an emergency expense." writes Scally.
Her research suggests that families are forgoing other basic needs just to maintain a roof over their heads.
Click on the link to read more about the Urban Institute's findings.
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