News Ticker

More Than a Third of US Small Businesses Couldn’t Pay All Their Rent in October

Bloomberg |  Oct. 31, 2022

Rent delinquency rates among US small businesses increased significantly this month, a new report shows.

About 37% of small businesses, which between them employ almost half of all Americans working in the private sector, were unable to pay their rent in full in October. That’s according to a survey from Boston-based Alignable, a network of 7 million small business members. It’s up seven percentage points from last month and is now at the highest pace this year, the survey showed.

Chuck Casto, head of research, at Alignable, said that small business owners are resilient but incomes are “basically being eaten away by inflationary pressures.”

(***)

1 Comment on More Than a Third of US Small Businesses Couldn’t Pay All Their Rent in October

  1. Kill the mom and pop shops and get greater control on food, natural resources and commodities to reliably assure Digital ID/Digital Dollar and Social Credit Score success in preparation for the Mark of the Beast.

Post a Comment

Winter Watch
%d bloggers like this: