This has been on the radar since the beginning of last summer when a Bloomberg report indicated that a huge (I don’t recall the actual percentage) number of small businesses were more than 90 days behind on rent.
Other forward looking economic indicators forecast rough times, particularly on the consumer front. These include personal debt ratios and repossessions. There’s a helluva lot of people living paycheck to paycheck and concurrently maintaining their standard of living through debt. That does not end well for individuals or banks.
A lot of old, classic local-owned restaurants that have been open for decades - 50, 60 years or more have been folding one after the other. A DFW tv station had a list of ones that have shut down across north Texas.