| A Recession Only Renters Can Feel
Over the past year, more than one in eight American renters have fallen at least 60 days behind on a loan payment, the highest share since the Federal Reserve started keeping records in 1989. Over the same period, homeowners with mortgages have mostly stayed current, and when The Economist worked through the numbers, it found the gap between the two groups growing while the wider economy expands. Higher rents, small cash cushions and the return of student-loan bills are hitting…» |