Chicago - The Cost of Eviction and Unpaid Bills of Financially Insecure Families for City Budgets
Author: Emma Kalish, William Elliott
Topic: Financial well-being
Publisher: Urban Institute
Location: United States
Format: Brief
Content Type: Research
Publication Date: January 31, 2017
This is a brief on the cost of financially insecure families to Chicago, in terms of cost of eviction and unpaid bills. The financial health of cities depends on financially secure residents. When families have little to no savings and experience a disruption in their income or expenses, bills may be missed and consequences such as eviction may result. In Chicago, the government cost of family financial insecurity from eviction and unpaid property taxes and utility bills is estimated to range from $68 million to $157 million of a total annual budget of $7.7 billion.
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