New Data Reveals Disaster Preparedness Disparities between Renters and Homeowners

HUD, the Census Bureau, and FEMA released on September 6, new American Housing Survey (AHS) data that reveals disaster preparedness disparities between renters and homeowners. According to a media release from HUD, the new survey data show that “renters are three times more likely [than homeowners] to need financial assistance to evacuate during a major disaster.” Approximately 39% of AHS renter respondents indicated that they would not be able to cover the cost of evacuation expenses in a disaster – an estimated cost of $2,000. In contrast, 88% of homeowner households would have access to $2,000 in an emergency.

Read more of this article here

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.