Nearly half of 80,000 small businesses surveyed say they won't survive the current economic climate, ongoing inflation or another four years of Biden administration policies, according to the survey conducted by RedBalloon and Public Square.
Nearly half of businesses surveyed said they "Definitely" or "Probably" won't survive continued inflation or "Survive another 4-year term of a Biden presidency."
The survey queried 80,000 small businesses with fewer than 500 employees nationwide, including those in the retail, hospitality, service and restaurant industries.
"All of the government reports and happy-talk from Washington, D.C. doesn't change that Americans continue wrestling with inflation, and a majority of small business owners now predict we'll slip into stagflation."
The survey includes "Verbatim" written answers from small business owners about the financial struggles they face.
When asked, "What changes would you consider making to your business plans in preparation for a second Biden term?," small business owners said they couldn't make it.
Nearly half of those surveyed, 49%, have been in business for more than 10 years; nearly 28% have been in business for three to 10 years.
https://www.thecentersquare.com/national/article_f21bbed0-408b-11ef-a41b-2b74c6d21c06.html
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