{"id":1720114,"date":"2022-11-01T13:18:50","date_gmt":"2022-11-01T17:18:50","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1720114"},"modified":"2022-11-01T13:19:08","modified_gmt":"2022-11-01T17:19:08","slug":"october-disaster-soaring-number-of-small-businesses-cant-pay-rent-poll-shows","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/october-disaster-soaring-number-of-small-businesses-cant-pay-rent-poll-shows\/","title":{"rendered":"October Disaster: Soaring Number Of Small Businesses Can\u2019t Pay Rent, Poll Shows"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Foctober-disaster-soaring-number-of-small-businesses-cant-pay-rent-poll-shows%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1720114&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Small American businesses, crippled by rampant inflation, higher gas prices, soaring supply chain costs, and a concomitant plunge in consumer spending, are growing in their inability to pay their rent, according to a recent survey.<\/p>\n<p>Alignable\u2019s October Rent Report\u00a0shows that in October, 37% of small business owners surveyed <a href=\"https:\/\/www.alignable.com\/forum\/rent-delinquency-jumps-7-to-37-in-u-s-in-october\" target=\"_blank\" rel=\"noopener\">stated<\/a> they were unable to pay their rent. The rate of delinquency was 30% in September. The 7% increase represented the biggest, fastest increase month to month in 2022.<\/p>\n<p>\u00a0A total of 59% of small business owners told Alignable that consumer spending at their businesses plunged in October.<\/p>\n<p>Small businesses\u00a0in the education sector saw their delinquency rate soar to an astonishing 57%.<\/p>\n<p>The automotive and restaurant sectors reached new delinquency highs at 49%, the highest of the entire year. The automotive shops said supply chain issues meant soaring prices for metals and electronics as well as a scarcity of inventory. The restaurant industry\u2019s 49% delinquency rate rose 13% from 36% the previous month.<\/p>\n<p>About 43% of retailers admitted they couldn\u2019t pay their rent, up 12% from September.\u00a0The transportation industry jumped from 38% in September to 46% in October.\u00a0Real\u00a0estate and construction companies\u2019 delinquency rate rose from 27% in September to 37% in October.<\/p>\n<p>Northeastern states took a hit; Massachusetts had 51% of small businesses saying they couldn\u2019t make the rent. New Jersey had record-breaking rent delinquency rate of 49%, and New York followed with a 45% delinquency rate.<\/p>\n<p>California and Pennsylvania almost tied New York with a 44% delinquency rate.<\/p>\n<p>Meanwhile, according to real estate tracker\u00a0<a href=\"http:\/\/zumper.com\/blog\/rental-price-data\/\" target=\"_blank\" rel=\"noopener\">Zumper<\/a>, cities all over the country have seen rent increases skyrocket in the past year, led by New York City, where a one-bedroom apartments had a $3,860 median rent. Six of the nine cities following New York City in the top ten hailed from California.<\/p>\n<p>Yet President Biden insisted last week that he was doing a good job on inflation despite the fact that the U.S. Bureau of Labor Statistics\u2019 Consumer Price Index (CPI) was less than a percentage point below the record highs from earlier in the year.<\/p>\n<p>\u201cYou\u2019ve referred to the midterm election as a choice rather than a referendum. Given record inflation, why should voters choose Democrats,\u201d a reporter asked Biden in Syracuse, New York.<\/p>\n<p>\u201cBecause it\u2019s not record inflation anymore. I\u2019m bringing it down. Look what we inherited,\u201d Biden claimed.<\/p>\n<p lang=\"en\" dir=\"ltr\">Q: \u201cGiven record inflation, why should voters choose Democrats?\u201d<\/p>\n<p>Biden: \u201cBecause it\u2019s not record inflation anymore. I\u2019m bringing it down. Look at what we inherited.\u201d<\/p>\n<p> <a href=\"https:\/\/t.co\/88Kp0JYXNq\">pic.twitter.com\/88Kp0JYXNq<\/a><\/p>\n<p>\u2014 The Post Millennial (@TPostMillennial) <a href=\"https:\/\/twitter.com\/TPostMillennial\/status\/1585987393777287176?ref_src=twsrc%5Etfw\">October 28, 2022<\/p>\n<p><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Small American businesses, crippled by rampant inflation, higher gas prices, soaring supply chain costs, and a concomitant plunge in consumer spending, are growing in their inability to pay their rent, according to a recent survey. Alignable\u2019s October Rent Report\u00a0shows that in October, 37% of small business owners surveyed stated they were unable to pay their &#8230;<\/p>\n","protected":false},"author":60,"featured_media":1720117,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[],"class_list":["post-1720114","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1720114","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/60"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1720114"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1720114\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1720117"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1720114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1720114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1720114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}