Small business uncertaintly hits all-time high ahead of Election Day

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The latest monthly survey from the National Federation of Independent Businesses (NFIB) found small business uncertainty hit a record high in September.

Wall Street might be booming, but Main Street is feeling more uncertainty than ever ahead of Election Day, as polling shows the race between former President Trump and Vice President Harris is a dead heat. The National Federation of Independent Businesses' Uncertainty Index surged 11 points in September to 103, the highest reading on record, indicating small business owners' jitters about the future are at an unprecedented level.

"When you couple that with the rising pressures of growing wages to maintain your labor force, it’s a real challenge as a small business owner to realize you can only raise your prices so high before you price yourself out of the market." THE 2024 ELECTION IS CLOSE AND BUSINESSES OUTLINING THEIR PRIORITIES Jenkins also suggested election concerns are part of the equation that is driving up small business anxieties.

 

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