A survey reveals troubles are mounting for New York City renters - Business Insider

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A survey reveals troubles are mounting for New York City renters

surveyed 1,001 New York City renters and found that 36.9% of respondents did not have the money to pay rent on June 1st —roughly double the percentage in May.Visit Business Insider's homepage for more storiesThe coronavirus pandemic — and the recession it caused — is hurting many people's livelihoods. And making rent in the epicenter, New York City, has been especially hard. Now it seems to be getting worse. found that 36.

The survey also found that just 34% of respondents would be able to pay their full June rent with their income, a drop from last month's survey, which found that 55.7% of respondents would be able to without a problem. "[Small businesses] are 90% of New York's businesses and they're facing the toughest challenges," Cuomo was quoted saying in an

 

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