Brief New Orleans: The Cost of Eviction and Unpaid Bills of Financially Insecure Families for City Budgets
Diana Elliott, Emma Cancian Kalish
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In 10 major US cities, financially insecure families are prevalent, and residents’ financial insecurity affects city budgets. Families with less than $2,000 in savings ranged from 46 percent of residents (Seattle) to 73 percent of residents (Miami), compared with 52 percent of families nationally. The costs to cities range from between $8 and $18 million in New Orleans to between $280 and $646 million in New York City. New Orleans, like other cities, has an economic interest in helping to improve their residents’ financial health.

The full collection of factsheets can be found here.

The technical appendix that describes the data and methods can be found here.
Research Areas Economic mobility and inequality Wealth and financial well-being Neighborhoods, cities, and metros Families Housing
Tags Asset and debts Economic well-being Homelessness Evictions Financial stability
Policy Centers Center on Labor, Human Services, and Population