41% of Small Businesses Can’t Pay Rent This Month
Nov 28, 2022 15:13:37 GMT -5
Post by schwartzie on Nov 28, 2022 15:13:37 GMT -5
BIDEN ECONOMY: 41% of Small Businesses Can’t Pay Rent This Month
By Joe Hoft
Published November 28, 2022 at 7:00am
The Biden economy keeps getting worse. But the Dems know that if they can’t ever lose an election they can do whatever they want to destroy the United States of America.
Only a couple of days ago, TGP reported that thanks to the Biden Administration’s America killing policies, business activity is slumping across the country.
We learned a day before that on Thanksgiving that the cost of a turkey dinner got much more expensive than a year ago. The price for a Thanksgiving turkey dinner increased by 20% over the prior year.
Just the News reported on the latest numbers from small businesses. The results are terrible and getting worse. Small businesses are struggling to stay alive with expenses increasing drastically due to Biden inflation. The number of small businesses unable to pay their rent has increased the past few months.
More than 40% of U.S. small business owners say they couldn’t pay rent on time or in full for the month of November, the highest this year.
The small business network group Alignable released the survey, which found that the hardship varies by industry. A notable 57% of beauty salons said they couldn’t make rent as well as 45% of gyms, 44% of retail and 44% of restaurants.
“Making matters worse, this occurred during a quarter when more money should be coming in and rent delinquency rates should be decreasing,” Alignable said. “But so far this quarter, the opposite has been true.”
This latest report continues a steady increase in businesses that can’t pay rent this year.
“Last month, rent delinquency rates increased seven percentage points from 30% in September to 37% in October,” Alignable said. “And now, in November, that rate is another four percentage points higher, reaching a new high across a variety of industries.”
Business owners cite a range of reasons for the difficulty making rent, including higher rent costs and lower revenue. But 60% cite inflation.
What a mess the Biden gang has got us in. It’s so bad it must be intentional.
More at link
By Joe Hoft
Published November 28, 2022 at 7:00am
The Biden economy keeps getting worse. But the Dems know that if they can’t ever lose an election they can do whatever they want to destroy the United States of America.
Only a couple of days ago, TGP reported that thanks to the Biden Administration’s America killing policies, business activity is slumping across the country.
We learned a day before that on Thanksgiving that the cost of a turkey dinner got much more expensive than a year ago. The price for a Thanksgiving turkey dinner increased by 20% over the prior year.
Just the News reported on the latest numbers from small businesses. The results are terrible and getting worse. Small businesses are struggling to stay alive with expenses increasing drastically due to Biden inflation. The number of small businesses unable to pay their rent has increased the past few months.
More than 40% of U.S. small business owners say they couldn’t pay rent on time or in full for the month of November, the highest this year.
The small business network group Alignable released the survey, which found that the hardship varies by industry. A notable 57% of beauty salons said they couldn’t make rent as well as 45% of gyms, 44% of retail and 44% of restaurants.
“Making matters worse, this occurred during a quarter when more money should be coming in and rent delinquency rates should be decreasing,” Alignable said. “But so far this quarter, the opposite has been true.”
This latest report continues a steady increase in businesses that can’t pay rent this year.
“Last month, rent delinquency rates increased seven percentage points from 30% in September to 37% in October,” Alignable said. “And now, in November, that rate is another four percentage points higher, reaching a new high across a variety of industries.”
Business owners cite a range of reasons for the difficulty making rent, including higher rent costs and lower revenue. But 60% cite inflation.
What a mess the Biden gang has got us in. It’s so bad it must be intentional.
More at link
