What to Do if You Can't Afford October Rent

As eviction moratoriums and additional unemployment benefits run out, one in three Americans are not sure they can pay their rent.

The coronavirus pandemic and ensuing recession continue to take their toll on the nation's health and economy. Life may be starting to return to normal in many states, but unemployment is still at record highs. According to the Census Bureau's Household Pulse survey at the end of July, 1 in 3 Americans had either no or slight confidence they could pay next month's rent. It's hardly surprising.

The federal moratorium on evictions and the additional $600 in CARES unemployment benefits have expired. And there's no clarity on when a second stimulus package might be agreed upon, or what will be in it. That said, the Centers for Disease Control and Prevention (CDC) has just announced a nationwide moratorium on evictions for certain renters.

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