American And Canadian Business Cannot Pay Their Rents, Demonstrating Wrecked Economies

According to a new analytics report courtesy of Alignable – ” the largest online referral network for small businesses with over 6.5 million members across North America” – finds that huge portions of American and Canadian businesses cannot pay their rents for the month of September.

2,880 small business owners were polled from August 28th to September 27th.

Overall, the national average for the United States was 35% of small businesses could not pay rent in September, up from 5% in August. Canada also saw a 5% increase from August, to now 38% of Canadian small businesses were unable to afford rent in September.

The categorical breakdown reveals how some industries are greatly struggling.

According to the data, 51% of U.S. restaurants could not afford to pay rent last month, an increase of 6%. Message therapists and beauty salons were not too far behind either (48% and 46%).

The data shows that restaurant owners especially were progressively unable to pay rent each month. Other industries have seen these percentages increase, while some have come down over the last few months.

Alignable said these fluctuations are attributable to ‘businesses that rely on in-person contact, including salons, gyms, and retail, also demonstrated more trouble paying rent in September, as Delta rages, new masking requirements return, and fears of contracting COVID escalate among many consumers.’

For even more of a breakdown on the state level, New York saw a small uptick (-4%) in small business owners now able to pay their rents, down to 37% overall.

Other states saw massive increases. Michigan saw a 15% increase of small business owners unable to pay rent (43%). New Jersey (38% overall) saw a 14% spike. Other states such as Texas (39%) and Georgia (38%) saw 7% and 6% increases.

Canadian small business owners are not fairing much better, and worse in some aspects.

According to the data, half of British Colombia providence could not afford rent fees – which is almost double that of August (26%). Alberta (34%) ticked higher by 5%. Ontario saw a decrease of 3% to 34%.

Solutions?

As part of the poll, Alignable asked these business owners what would be in their best interest to alleviate some of their hassles; asking, “What’s the most important step a landlord can take to help in the COVID Recovery Process?”

Almost half said they would like some rental assistance provided to them, and nearly 3 out of 10 said they would like to renegotiate their lease.

Furthermore, those polled said only 20% of their landlords are actually trying to help them, such as:

• 8% have helped tenants apply for PPP assistance
• 6% have deferred rent for tenants
• 4% reduced rent payments
• 2% offered rent abatement.

But that still leaves 80% who are not doing anything to help these businesses do something to make it easier for businesses to pay their dues.

The WinePress cited data from Alignable in December of 2020, demonstrating the economic devastation that had occurred. December is only several months away, and so nearly a year has passed, and you can read that report to draw comparisons: but here is a screenshot that summarizes the overall data:

---

AUTHOR COMMENTARY

Wait just a cotton-pick’n second: you’re telling me that almost one year later that the national average for businesses unable to pay rent has remained the same?! ‘But I thought the the economy was “booming?”‘

Biden Claims Booming Economy As America Still Loses Hundreds Of Thousands Of Jobs A Week

Of course, I am being totally sarcastic. There was NEVER a “v-shaped” recovery that Trump and his minions pontificated, nor is there any boom to speak of – well, for the ultra rich there was and still is.

And yet the dumbed-down and comatose masses are being force-fed this asinine notion that everything is getting better. News Flash: it’s not!

An hypocrite with his mouth destroyeth his neighbour: but through knowledge shall the just be delivered.

Proverbs 11:9

Though WinePress readers know this whole Covid thing is a ruse, the fear and hysteria is not. People are scared to go out and shop, or visit a restaurant. The streets at night are empty (even in my area). And people simply lack any conception of how to save money, as they wasted their stimulus on junk as soon as they got it, and got even DEEPER into debt.

And I can pretty much guarantee you these numbers are going to vastly increase by the time we reach December. I realize people do not want to talk about it, but it is what it is: this country and economy is not dying, it’s dead.

The Quickest Way To Know The Economy Is Broken Beyond Repair

Buckle Up For A New Wave Of Higher Inflation

---

[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).

The WinePress needs your support! If God has laid it on your heart to want to contribute, please prayerfully consider donating to this ministry. If you cannot gift a monetary donation, then please donate your fervent prayers to keep this ministry going! Thank you and may God bless you.