Name: Evictions loom for as many as 20 million Americans who are behind on rent. That's about the population of Florida.
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Evictions loom for as many as 20 million Americans who are behind on rent. That's about the population of Florida.

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The words "Business Insider".Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Millions of Americans are currently out of work and thousands of dollars behind on rent.Meanwhile, eviction moratoriums due to the coronavirus pandemic are expected to expire at the end of this month, just as A startling number of families will heading into the holidays, with little hope of relief on the horizon.Moody's Analytics found that nearly 12 million renters will owe an average of $5,850 in back rent and utilities by January, according to the Moody's chief economist, Mark Zandi, that tenants nationwide could owe a total of $70 billion in back rent by the new year, leaving landlords struggling to pay mortgages, property taxes, and more.Evictions loom, and the overall outlook is bleak. One November survey by the found that roughly 5.8 million Americans — roughly the population size of Singapore — actively expect to face eviction in the coming months due to inability to pay their back rent.SEE ALSO: Other estimates are harsher. Investment bank and advisory firm estimated that up to 8.4 million households of renters — a total of 20.1 million individuals — could see eviction filings by January. That roughly amounts to the population of the entire state of Florida. puts the number of people at risk of eviction even higher, somewhere between 30 and 40 million.Eviction moratoriums that currently protect tenants unable to pay rent are set to expire on January 1, immediately after unemployment benefits keeping 12 million Americans afloat expire on December 26. Congressional lawmakers are currently working on a bipartisan , which would include $300 in weekly federal unemployment starting in January and running through April, along with $25 billion in rent relief. But some experts say Plus, the approval process for the bill, which could at least provide some relief, is at a standstill. Senate Majority Leader Mitch McConnell the $908 billion proposal on Monday, even as and the pandemic continues to stunt economic recovery."The economic damage created by this pandemic will be many times more severe if we lose faith that the government has our back," Zandi told the Post. He later told , "The reality on the ground is going to be very dark, with people losing homes in the dead of winter during a pandemic."&nbsp;President-elect Joe Biden has previously said he will sign executive orders to and even voiced support for &nbsp;— but he does not take office until January 20.&nbsp;Something is loading.Do you have a personal experience with the coronavirus you'd like to share? Or a tip on how your town or community is handling the pandemic? Please email and tell us your story.Get the latest from Business Insider Intelligence on how COVID-19 is affecting industries.NewsletterSign up for a daily selection of our best stories — based on your reading preferences.Something is loading.It indicates an expandable section or menu, or sometimes previous / next navigation options.Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.

The words "Business Insider".Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Millions of Americans are currently out of work and thousands of dollars behind on rent.Meanwhile, eviction moratoriums due to the coronavirus pandemic are expected to expire at the end of this month, just as A startling number of families will heading into the holidays, with little hope of relief on the horizon.Moody's Analytics found that nearly 12 million renters will owe an average of $5,850 in back rent and utilities by January, according to the Moody's...

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Taylor Borden

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Evictions loom for as many as 20 million Americans who are behind on rent. That's about the population of Florida.

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