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Renters Owe $7.2 Billion in Unpaid Rent as Stimulus Negotiations Drag On

Renters Owe $7.2 Billion in Unpaid Rent as Stimulus Negotiations Drag On

In fact, a new study from the Federal Reserve underscores the dire situation faced by millions of people. As renters struggle, lawmakers drag their feet on finding a compromise on new coronavirus relief legislation. A report by the Federal Reserve Bank of Philadelphia raises concerns about renters' ability to keep up with their rent.