Broker Check
Can this be true?

Can this be true?

| June 29, 2020
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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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