Nearly 40% of small businesses in the US failed to pay rent in October – with more than HALF saying their prices have been hiked at least 10% over the past six months

A man looks at signs of a closed store due to COVID-19 in Niles, Ill., Thursday, May 21, 2020. More than 2.4 million people applied for U.S. unemployment benefits last week in the latest wave of layoffs from the viral outbreak that triggered widespread business shutdowns two months ago and sent to economy into a deep recession. (AP Photo/Nam Y. Huh)

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……..more here

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Nearly 40% of small businesses in the US failed to pay rent in October – with more than HALF saying their prices have been hiked at least 10% over the past six months

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