Life shocks and self-perceived risk of housing loss among low-income individuals

Purpose This study aims to describe the self-perceived risk of housing loss among low-income individuals in the context of four potential life shocks and examines whether individuals’ social and economic resources are protective against self-perceived risk of housing loss in the context of these life shocks. Design/methodology/approach The authors conducted a national online survey of low-income households in the USA. The authors asked respondents to assess whether they would be at risk of housing loss if they experienced any of four potential life shocks: job loss, moderate and major medical catastrophes and damage to home from natural disaster. Logistic regression models estimated the association between self-perceived risk of housing loss in the context of these life shocks and respondents’ economic and social resources, adjusting for sociodemographic covariates. Findings A minority of respondents reported that they would be able to maintain their housing if they were to experience a life shock (i.e. 34%–43% depending on the specific life shock). Receipt of more generous forms of income support as well as having family or friends to live with in the event of housing loss were the most consistent economic and social resource predictors of respondents’ self-perceived ability to maintain their housing in the context of a life shock. Originality/value The findings suggest that comprehensive assessments of risk of housing crises should take into account how individuals view their vulnerability to housing loss if they were to experience a life shock.