A report by the Los Angeles Times has highlighted the challenges faced by small businesses in California, particularly after the coronavirus pandemic. Karen Kropp, owner of the Book Rack bookstore, is set to close after 40 years, with sales dropping to almost zero during the shutdowns. The store, which was once a popular destination for customers, is now facing financial difficulties. Kropp plans to live off her monthly Social Security check and move to Albuquerque with her younger sister. The report also highlights that many aging small-business owners face complex questions about their legacy and finances. The report also notes that in many high-cost cities in California, a $150,000 annual salary is considered a "lower middle class" income. Restaurants and event venues have also faced challenges due to state regulations and rent increases. Krystle Meyer, a 40-year-old attorney, moved to Florida after facing financial frustration with California's COVID-19 restrictions.