Small Business Profits Drop as 75 Percent Report Inflation Pressures, Says AMEX Survey

Due to supply chain issues and high gas prices, stores and small businesses throughout the United States have experienced problems. Michael Sakal/The Epoch Times

Small business owners across the United States are struggling with losses, with overall profits slightly declining from July 2021 and July 2022, according to Kabbage from American Express’s Small Business Recovery Report.

Battling supply chain shortages, rising prices, and pandemic-related lockdowns, small business owners have barely been managing to survive in the last two and a half years.