The first follow-up to our 2020 annual survey was released by BAI and National Foundation for Credit Counseling (NFCC) in May with the following headline: “Renters Report Greater Financial Worries Since the Start of COVID-19. The focus of the coverage highlighted the fact that renters (at the time) were more likely than homeowners to say they had any financial worries (76% vs. 61%), pointing primarily to insufficient “rainy day” savings for an emergency (18% vs. 11%). Overall, the gap between renters and homeowners as it relates to financial worries had grown since the pandemic reached the United States in March. In the September survey, renters remain more likely than homeowners to say they have any financial worries (76% vs. 62%), pointing primarily to insufficient “rainy day” savings for an emergency (16% vs. 10%). Adding to that, renters are now more likely than homeowners to have applied for unemployment benefits (17% vs. 10%). NFCC's CEO, Rebecca Steele joined BAI’s CEO, Debbie Bianucci to discuss these implications. #Banking #Innovation #Data #Renters #Homeowners #NFCC #BAI #creditcounseling #moresolutionsformorepeople #mortgage
Негізгі бет The Impact of COVID-19 on Renters and Banks
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