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WATCH: How Missed Rent Payments Spark a ‘Cascade’ of Financial Hardship
By: PBS Newshour
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Many Americans affected by the coronavirus pandemic are struggling to pay their rent when they have lost income and haven’t yet been able to secure unemployment money. Missed rent, in turn, adds up to landlords who can’t pay their mortgages or property tax.
And then cities and states will struggle to provide the basic services that tax payments fund.
PBS NewsHour’s Paul Solman reports on this “looming cascade.”