A new RedBalloonand PublicSquarereport reveals that nearly half of small businesses in the United States believe they “definitely” or “probably” don’t stand a chance to survive another four years of Joe Biden presidency.
The survey, which polled 80,000 small businesses, found that 22.4 percent of respondents think they definitely don’t stand a chance to survive another four years under the Biden administration, while 26.2 percent say they’re probably not going survive another Biden term.
“There is nothing I can afford to do in addition to what I’m already doing. If things don’t change, I’ll be finished,” one business owner said in the report.
Moreover, the findings reveal the precarious state of many small businesses, with 40 percent delaying bill payments and 70 percent putting staffing plans on hold to conserve cash flow.
“It’s been a difficult three years for America’s small businesses,” said PublicSquare CEO Michael Seifert. “While many inside the Beltway may feel like things are good, that isn’t translating to Main Street America – the frontlines of our small business economy.”
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