43% of small businesses in the US were unable to fully pay their rent in April, the highest share since March 2021.
Delinquencies were the largest among restaurants where 52% became delinquent in April.
More than 50% of small businesses claim that now rents are higher than 6 months ago.
Meanwhile, nearly 60% of firms founded after the pandemic report that they are earning less than a year ago.
Rising inflation and shifts in consumer spending are crushing small businesses.
Small businesses are the backbone of the US economy.
Source: The Kobeissi Letter
