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More Than 60 Percent of Job Creators Fear Inflation Will Drive Them Out of Business

April 21, 2022

More than 60 percent of American job creators are worried Bidenflation will close down their business, a recent poll finds.

In a poll of more than 500 business owners:

  • 65 percent of job creators rank rising prices as their number one concern.
  • At least 24 percent of on-site businesses are worried that 2022 will be their final year open.
  • At least 76 percent of business owners report they’ve had to raise their prices in the past year.
  • On average, small business owners have raised their prices by 27 percent.
  • Facing these higher prices, 51 percent of small business owners report they’ve lost consumers, with more households cutting back costs.

Read the poll’s findings here.

This comes after a new report from the Federal Reserve warns there will be “no relief at all” from inflation any time soon.

KEY TAKEAWAYS:

Democrats Are Doubling Down on Crippling Tax Hikes: President Biden’s tax hikes would be shouldered by Main Street businesses and working families, and destroy at least 138,000 U.S. jobs.

Bidenflation Slams Main Street Businesses: Struggling against higher costs, 47 percent of job owners still have openings they cannot fill, and small business optimism is at record lows.

Family Paychecks Are Falling Further Behind: A recent poll found that at least 62 percent of American families’ incomes can’t keep up with rising prices.