The coronavirus pandemic compounds an already dire financial situation for millions of Americans.
One-third of homeowners have less than $500 or, worse, nothing set aside for an emergency home repair, according to a report released Wednesday, and that includes 50% of homeowners with an annual household income of less than $50,000.
There’s growing concern among many Americans — especially those who are most in need of the checks and already have bills piling up — that the economy won’t restart in time to save them from paying the rent, their mortgage and going hungry.
