{"id":1756978,"date":"2022-11-30T11:58:46","date_gmt":"2022-11-30T16:58:46","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1756978"},"modified":"2022-11-30T12:07:02","modified_gmt":"2022-11-30T17:07:02","slug":"41-of-small-businesses-cant-pay-rent-this-month","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/41-of-small-businesses-cant-pay-rent-this-month\/","title":{"rendered":"41% of Small Businesses Can\u2019t Pay Rent This Month"},"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\">18<\/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%2F41-of-small-businesses-cant-pay-rent-this-month%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=1756978&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--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.11.30-02.44-thepoliticalinsider-63876c5f13e9b.jpeg\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<p><em>By Casey Harper (The Center Square)<\/em><\/p>\n<p>More than 40% of U.S. small business owners say they couldn\u2019t pay rent on time or in full for the month of November, the highest this year.<\/p>\n<p>The small business network group\u00a0<a href=\"https:\/\/www.alignable.com\/forum\/rent-crisis-breaks-new-22-record-41-couldn-t-pay-in-nov-up-4\" target=\"_blank\" rel=\"noopener\"><strong>Alignable<\/strong><\/a>\u00a0released the survey, which found that the hardship varies by industry. A notable 57% of beauty salons said they couldn\u2019t make rent as well as 45% of gyms, 44% of retail and 44% of restaurants.<\/p>\n<p><strong>RELATED: <a href=\"https:\/\/thepoliticalinsider.com\/amazon-founder-bezos-has-a-dire-warning-about-the-economy-how-to-prep-for-disaster\/\" target=\"_blank\" rel=\"noopener\">Amazon Founder Bezos Has a Dire Warning About the Economy, How to Prep for Disaster<\/a><\/strong><\/p>\n<p>\u201cMaking matters worse, this occurred during a quarter when more money should be coming in and rent delinquency rates should be decreasing,\u201d Alignable said. \u201cBut so far this quarter, the opposite has been true.\u201d<\/p>\n<p>This latest report continues a steady increase in businesses that can\u2019t pay rent this year.<\/p>\n<p>\u201cLast month, rent delinquency rates increased seven percentage points from 30% in September to 37% in October,\u201d Alignable said. \u201cAnd now, in November, that rate is another four percentage points higher, reaching a new high across a variety of industries.\u201d<\/p>\n<p>Business owners cite a range of reasons for the difficulty making rent, including higher rent costs and lower revenue. But 60% cite inflation.<\/p>\n<div id=\"subscribe\" class=\"email-signup inarticle\">\n<h4>Support Conservative Voices!<\/h4>\n<h5><strong>Sign up to receive the latest<\/strong> political news, insight, and commentary delivered directly to your inbox.<\/h5>\n<\/div>\n<p><strong>RELATED: <a href=\"https:\/\/thepoliticalinsider.com\/bidens-student-loan-deferment-will-cost-taxpayers-40-billion-group-says\/\" target=\"_blank\" rel=\"noopener\">Biden\u2019s Student Loan Deferment Will Cost Taxpayers $40 Billion, Group Says<\/a><\/strong><\/p>\n<p>\u201cOne indicator of the toll inflation is taking on businesses is a steep drop in the percentage of small businesses that are fully recovered, earning as much if not more than they did monthly prior to COVID,\u201d Alignable said. \u201cThe percentage was 24% in October, but dropped to 14% in November \u2014 an all-time low.\u201d<\/p>\n<p>Michigan had the highest percentage of small business owners unable to make rent at 51% with New York in second at 49% and Massachusetts third highest at 45%.<\/p>\n<p>The survey queried 6,326 small business owners in November.<\/p>\n<p><em>Syndicated with permission from The Center Square.<\/em><\/p>\n<p><strong>RELATED: <a href=\"https:\/\/thepoliticalinsider.com\/epa-to-spend-13-billion-on-environmental-justice-and-climate\/\" target=\"_blank\" rel=\"noopener\">EPA to Spend $13 Billion on \u2018Environmental Justice\u2019 and Climate<\/a><\/strong><\/p>\n<p><strong>RELATED: <a href=\"https:\/\/thepoliticalinsider.com\/lost-retirement-why-401ks-are-not-ok-and-not-just-because-of-the-lousy-economy\/\" target=\"_blank\" rel=\"noopener\">Lost Retirement: Why 401(k)s Are Not OK (and Not Just Because of the Lousy Economy)<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Casey Harper (The Center Square) More than 40% of U.S. small business owners say they couldn\u2019t pay rent on time or in full for the month of November, the<\/p>\n","protected":false},"author":1,"featured_media":1756981,"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":[547],"tags":[],"class_list":["post-1756978","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report"],"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\/1756978","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1756978"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1756978\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1756981"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1756978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1756978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1756978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}