By Russ Wiles | The Arizona Republic
The recession and housing downturn were hard on homeowners, but renters generally are in even worse shape. People who inhabit apartments and rental homes live closer to the edge compared to homeowners, and they aren’t as knowledgeable about money matters, making them vulnerable to job losses and other shocks. Renters comprise a widening share of the population, and they tend to be “financially fragile,” according to a new report that’s based on responses from more than 25,000 people.
