Business Matters Full Broadcast (April 29)

An April small business report found 43% of small business renters were late on their rent or could only pay part of their payment. Alignable conducted the survey. It found that small business owners say rent is higher, costs have increased, and revenue is declining. Nearly 70% of businesses formed before the pandemic report making less monthly now. The report also found that inflation is growing as the top concern for small businesses. Tesla CEO Elon Musk visited Beijing over the weekend, reportedly to discuss with senior government officials the rollout of his full self-driving (FSD) software and permission to transfer data overseas, only a week after canceling a planned visit to India. A new AARP survey found that one out of five Americans ages 50 and over have no retirement savings. Lawrence Sprung, Founder of Mitlin Financial says it’s never too late to start saving. Sprung says it all depends on your goals. From there you must plan and budget. He also says retirement doesn’t mean you have to stop working completely, some may choose to just cut down on hours. Sprung shares his number one tip and a tool available online to calculate the amount each person needs to retire.