Small business owners in the Midwest seeing stress from consumers

📆 2024/08/14 02:31:00
📰 FoxBusiness

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Small business owners have consistently cited inflation as their biggest concern in surveys for more than a year, and Midwest shops said they are worried about the toll on the consumer.

National Federation of Independent Businesses survey data shows small business owners are feeling more optimistic about the economy but increasingly concerned about inflation, which has consistently been cited as their top operating problem for over a year. FOX Business spoke with two Midwest small business owners Tuesday about their take on the economy, and both said that while their businesses are doing fine, many of their customers are not.

"More people are selling their things. They're coming in to purge, to get money, because they want money — especially the elderly," Olson said. "We're noticing that they're coming in more and more to sell their items, because they are having trouble keeping up with things... Some of them can't afford their housing." EX-MINNESOTA BAR OWNER BILL HUPP SLAMS GOV.

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