Americans are struggling as a result of the coronavirus pandemic and the ensuing economic fallout. According to a report compiled by Apartment List, 36% of renters and 30% of homeowners did not make full on-time payments in July, Forbes reported. The startling numbers hint at the magnitude of the financial pain that tens of millions are experiencing. Even as the economy has widely reopened in the face of record numbers of COVID-19 cases, it's clear that the shock of mass layoffs and furloughs has left a lasting mark. All eyes are on the next stimulus plan that has been hinted at by leaders in both chambers of Congress. It's evident that any economic recovery plan needs to include provisions to keep Americans in their homes, or the results could be catastrophic. According to the latest data, the average household spends $1,674 a month on housing.
