At least 17% didn't pay their latest monthly rent and an even larger number of folks are worried about missing upcoming rent payments as the squeeze on households is getting worse, reported Bloomberg, citing the U.S. Census Bureau's Household Pulse survey.

Census Bureau's Household Pulse survey showed in the last five weeks through June 2, 31% of households said they had "little or no confidence" about paying rent next month. 

The survey showed 11% of households with a mortgage skipped servicing payments last month, and 16% said they wouldn't be able to make payments in the future.

The consumer is in rough shape, despite President Trump touting of a V-shaped recovery and how the stock market is at record highs -- households, mainly ones of the bottom 90% -- are getting absolutely crushed in this downturn. This sets the stage for a consumer that died with a bang: because in a time of virtually no visibility on job prospects, economic recovery, and how the pandemic is resolved, consumer behavior suggests winter is here.