Who is paying for this free pass? The government isn't
Posted on: April 3, 2020 at 20:39:13 CT
tgr
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covering mortgage payments or paying apartment owners for missed revenue, are they? There are going to be tens of millions of people behind on their mortgage and rent. It's going to take months, if not years for many to catch back up and many won't ever. I think a lot of people are hoping this won't be near as bad as I imagine it ultimately will be.
78% of Americans live paycheck to paycheck according to Forbes. Losing 2-3 months of those paychecks will be enough to crush a good portion of that 78%.