PRESS RELEASE
By: Newsworthy.ai
November 6, 2024
Small Business Owners – What They Told Us About the Election
America's small business community told the Freedom Economy Index survey what they were experiencing in the economy, and what they expect of a second Trump presidency.
Key Takeaways
- Small Business Ready to Invest & Expand: With a Trump Win, 83% are more willing to expand and invest in their business and 81% will be looking to hire more employees. Less than 2% said they would expand, and less than 1% said they would hire new employees, if Harris presidency.
- High Inflation Expectations Dissipate: Even though 87% said in October that high inflation continues to be a problem, less than 1% said they'd need to "prepare for greater inflation" if Trump wins.
- Economic Pessimism Trended Into Election Day: Heading into the election, over half (52%) were "pessimistic" or "worried" about the future of their business and 63% of business owners said their opinion of the US economy had become somewhat or much more negative in the month prior to the election.
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