Recession Warning: US Small Businesses Struggling to Pay Rent
Recession Warning: US Small Businesses Struggling to Pay Rent
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In another sign of a struggling economy, small businesses are having an increasingly hard time paying rent. According to Alignable’s November Rent Poll, 41% of US small businesses reported they couldn’t pay their rent in full and on time in November. That was a 4 percentage-point increase from the previous month. Alignable surveyed 6,326 US small businesses between Nov. 19 and Nov. 22.
The number of small businesses failing to make rent payments has increased steadily over the last several months. Delinquency rates increased 7 percentage points from 30% to 37% in October.
According to Alignable, delinquency rates typically fall...
Source: https://www.newswars.com/recession-warning-us-small-businesses-struggling-to-pay-rent/
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