A 'perfect storm' is wiping out America's restaurants - here's why the Midwest is hardest hit by closures

The restaurant industry in America, particularly in the Midwest, is experiencing significant closures due to a decline in dining out, exacerbated by inflation and lifestyle changes. Sit-down restaurant visits dropped nearly 5% in 2023, and even bustling metropolitan areas are struggling. In the Midwest, where populations and incomes are typically lower, nearly all restaurants are facing the impact of reduced foot traffic and financial pressures, including the inability to repay pandemic-related deferred loans.