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DOSE OF DEFAULT
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get the top stories delivered direct
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WHEN EVACUATION IS TOO COSTLY
Many households may not be financially
prepared for disasters, according to the 2017
American Housing Survey released by the
U.S. Department of Housing and Urban
Development (HUD), the U.S. Census Bureau,
and the Federal Emergency Management
Agency (FEMA).
According to the survey, 12 percent of 77.3
million owner households reported they did not
have access to $2,000 to pay for their family's
evacuation. Renters were even harder hit, with
39 percent indicating they did not have access to
$2,000 to cover evacuation expenses.
"For nearly 45 years, the American Housing
Survey has been America's premier source of data
on housing costs and quality," HUD Deputy
Secretary Pamela Hughes Patenaude said. "In
collaboration with FEMA, we have added
disaster-preparedness questions to this survey to
better understand the challenges that households
face as they prepare for and respond to disasters."
"We welcome our partnership with HUD
and this new data from the American Housing
Survey. is report underscores the need to
prepare for the hazards we may face at any time,"
said Dr. Daniel Kaniewski, FEMA's Deputy
Administrator for Resilience. "During National
Preparedness Month, FEMA is encouraging
individuals, families, and communities to start
preparing. People with an emergency plan in
place, a little emergency savings in the bank, and
the right insurance coverage will bounce back
much quicker following a disaster."
e survey also included data on home
quality. For example, 12.6 percent of all
households reported seeing signs of cockroaches
in their home within the previous 12 months,
while 3.1 percent of all households reported signs
of mold in their home.
Many households may not be financially
prepared for a disaster. Over half of all American
households spend 30 percent or more of their
income on housing costs. However, it seems
disaster preparedness is increasing nationally.
According to the survey, 4.4 million more
households indicated they had an emergency
evacuation kit in 2017 as compared to 2013.
