Inflation Dampens Holiday Season for Small Businesses
-
42% of small business owners surveyed said they can't afford to give Christmas bonuses this year due to inflation.
-
Over 50% of retail business owners surveyed said their Black Friday and Christmas sales were much slower than average.
-
Over 80% of business owners said their suppliers' prices have increased in the last 30 days.
-
91% of business owners expect inflation to continue being higher than normal over the next 6 months.
-
81% of business owners surveyed believe a major recession is looming, while 94% said the U.S. is on the wrong track.