Economic Gap Widens
A Painful Reality For Millions
A painful economic reality for millions of Americans with no end in sight. Another Stimulus will NOT rectify the structural problem we have.
Economists warn many unemployed families won’t pay rent and utilities without more stimulus aid from Congress. Millions of Americans who lost their jobs during the pandemic have fallen thousands of dollars behind on rent and utility bills, a warning sign that people are running out of money for basic needs.
Nearly 12 million renters will owe an average of $5,850 in back rent and utilities by January, Moody’s Analytics warns. According to a Census Bureau survey, 9 million renters said they were behind on rent last month.
Our firm strives to create actionable investment ideas and research platform for our global institutional investors. To learn more, sign up for our monthly newsletter, The Bent Ledger, www.altexpertnetwork.com and click on the top right corner "Subscribe" to get your first month FREE. We are covering detailed research and analysis on a SPAC - Merger in our current newsletter. If you have questions, reach us at 203-244-4070 or email us [email protected].