Small businesses in various states are struggling to pay their rent, a new report shows, with rent delinquency up 37 percent on the month. Compounding concerns is the fact that several states, such as New York, and California, are well over the already-high national average
* The findings, published Tuesday by Boston-based business tracker Alignable, illustrate the stark effect inflation is having on everyday Americans
* The survey of 4,789 small business owners saw more than half of respondents say their rent is at least 10 percent higher than it was six months ago
* If you go back seven months, the majority said rents have increased 20 percent
* The study found that roughly 37 percent of small businesses - almost half of all Americans working in the private sector - were left unable to pay rent in October
* Compounding concerns is the fact that several states, such as New York, and California, are already well over the already-high national average
Small businesses in various states are struggling to pay their rent, a new report shows, with rent delinquency at nearly 40 percent this month.
The findings, published Tuesday by Boston-based business tracker Alignable, are raising more than eyebrows, as they illustrate the stark effect inflation is having on everyday Americans.
The survey of 4,789 randomly selected small business owners saw more than half of respondents say their rent is at least 10 percent higher than six months ago.
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WNU Editor: The backbone of any economy is small business. You have a serious problem when 40% cannot pay the rent..
Onwards lads. Nothing to see here. The enemy is about to crumble any day now.
ReplyDeleteThe President explained clearly what is being done for the economy (whitehouse.gov):
ReplyDelete"Although a major article in a major — major publication yesterday of the — from the industry: that’s generating $1.7 billion [trillion] in investment. Because guess what? We give a tax credit to somebody, and guess what? Companies want to build that product — build that product, because it’s going — a billion [trillion] seven hundred million [billion] dollars. Meaning, literally, hundreds of thousands of new jobs. Not a joke. Not a joke.
....
We’re making it possible for families to save thousands of dollars in energy savings with the legislation we have — which, as I said, it’s going to bring a trillion-seven off the market investing in other jobs."
Don't worry folks; a trillion-seven off the market investing in other jobs!
ha ha meant Gillion c'mon!
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