Economy

Almost 50 Percent of 80,000 Small Businesses Say They Won’t Survive Under Current Economic Conditions

Many said they would just have to close their doors because they cannot reduce costs any further.
Almost 50 Percent of 80,000 Small Businesses Say They Won’t Survive Under Current Economic Conditions
Chris Jordan and his wife Vera Balic, owners of Houston Fast Track in Texas. Courtesy of Houston Fast Track
Mary Prenon
Mary Prenon
Freelance Reporter
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A new survey of 80,000 small businesses found that 48.6 percent believe they won’t survive the United States’ current economic conditions.

Conducted by RedBalloon and Public Square, the survey also indicated that 22.4 percent of respondents said their business would “definitely not” survive continued inflation, while 26.2 percent indicated their business “probably” wouldn’t make it.

Mary Prenon
Mary Prenon
Freelance Reporter
Mary T. Prenon covers real estate and business. She has been a writer and reporter for over 25 years with various print and broadcast media in New York.