Broker Check
Can this be true?

Can this be true?

| June 29, 2020

Can this be true?  If so, the US economy may be in deeper trouble than most think.  Review website ‘Yelp’ reported that of all business closures since March 1, 41% are permanent closures.  The Restaurants category is the hardest hit, where Yelp said a whopping 53% are reported to be permanent closures.  That was followed by Shopping & Retail at 35% permanent closures, Fitness at 26% permanent closures, and Beauty & Spas at 24% permanent closures. (chart from yelpeconomicaverage.com)

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