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COVID-19: Asian Americans are Deferring Rent at the Highest Rate [New LendingTree Analysis]

LendingTree analyzed data from the most recent U.S. Census Bureau Household Pulse Survey to determine who is deferring rent payments most, the states they live in, and how confident they are about being able to pay upcoming rent. A quick look at what we found:

– Asian and Black Americans are deferring rent at a higher-than-national rate. 4.6% of Asian Americans and 3% of Black Americans have deferred rent; the national average is 2.1%.

– About 31% of renters have little to no confidence they’ll be able to pay next month’s rent on time.

– Ohio topped the rankings of states where Americans are deferring rent most, with 5% of all renters opting for deferment, more than doubling the national average. Nearly 102,000 renters here deferred rent last month. Assuming they deferred the entire rental payment, Ohio renters added about $81 million in debt in one month alone.

– Surprisingly, not one person in Rhode Island reported deferring rent. Data showed that 159,836 paid rent on time and 17,613 paid rent late.

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