Over 40% of U.S. households said they experienced severe financial hardship during the COVID-19 pandemic, citing difficulties paying bills, credit cards and draining their savings, according to a Harvard University report.
The survey conducted by the Harvard T.H.Chan School of Health, the Robert Wood Johnson Foundation, and the National Public Radio asked roughly 3,600 participants between July and August about problems they faced during the pandemic and how it affected their lives in recent months. Respondents were asked about financial, healthcare, education and personal safety concerns.
Roughly 30% of adults interviewed said they used up all or most of their savings during the pandemic, while 10% reported they had no savings before the pandemic began, according to the report. About one in five households had difficulties paying credit cards, loans, and other debts as well as utilities.
Far-left Congresswomen Rashida Tlaib (D-Mich.) and Ayanna Pressley (D-Mass.), who have both been vocal critics of landlords and supportive of the eviction moratorium that prevents them from collecting rent indefinitely, made tens of thousands of dollars themselves collecting rent last year, according to the Washington Free Beacon.
Tlaib disclosed in a recent financial statement that she made between $15,000 and $50,000 from rent out of a property she owns in Detroit, even after she had recently criticized “landlords and bill collectors” and said that Americans needed to be protected from them “in the midst of a pandemic.” Pressley made roughly $15,000 from 2019 to 2020 off a property she owns in Boston. Pressley has denounced landlords for trying to collect rent during the pandemic, claiming it to be “literally a matter of life and death.”
Both congresswomen, along with others in the so-called “squad” and other congressional Democrats, were supportive of extending the eviction moratorium that has forbidden landlords across the nation from collecting rent, ostensibly to provide financial relief to Americans who cannot pay their rent due to losing their jobs to lockdown orders. The Biden Administration extended the eviction moratorium through October, after the original moratorium implemented last September by the Centers for Disease Control (CDC) was set to expire earlier this year.
Congresswoman and “Squad” member Rashida Tlaib, D-MI, is under fire for pushing to cancel rent during the COVID-19 pandemic while at the same time raking in up to $50,000 in rental income. Fox reported Tlaib’s 2020 financial disclosure.
Tlaib has built her brand as a fighter for the people, advocating for eviction moratoriums, saying landlords “prey on single moms” and insinuating landlords unfairly take money from vulnerable people.
About 18% of renters, or roughly 10 million people, in the U.S. are behind on their monthly payments as of early January, according to an Urban Institute analysis.
Researchers Jim Parrott, a fellow at the Urban Institute, and Mark Zandi, the chief economist of Moody’s Analytics, calculated that 18% of U.S. renters were behind on payments and warned that if lawmakers didn’t act fast, there could be a major eviction crisis. The average delinquent renter is four months behind on payments and owes $5,600, the researchers estimated using Bureau of Labor Statistics figures.
An executive order from Gov. Tim Walz bans evictions, foreclosures, and lease terminations for the duration of the state’s peacetime emergency, but one Democratic lawmaker wants to take things a step further. State Sen. Jeff Hayden (DFL-Minneapolis) recently called for a “rent and mortgage moratorium” in Minnesota, an idea…