Slow Motion Economic Train Wreck; Nearly 40% of small US businesses failed to pay rent in October | The Most Revolutionary Act

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. If you go back seven months, the majority said their rents had increased by at least 20 percent.

Moreover, 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.

Worse, about 49 percent of restaurants were unable to pay their rent this month, up from 36, in September, while an identical 49 percent of car dealership and repair shop owners defaulted on their October rent.

Slow Motion Economic Train Wreck; Nearly 40% of small US businesses failed to pay rent in October | The Most Revolutionary Act