Small businesses report hardship due to inflation this Christmas season | Business

Small businesses around the country still see inflation as a top concern this Christmas season.

Goldman Sachs released survey data that found that 52% of surveyed small business owners say that their profitability “has not met expectations.” Even while an overwhelming 79% have “increased prices compared to last year.”

“Small businesses are the backbone of America. Yet, as we enter this holiday season, we are finding it harder than ever to succeed,” said Janice Jucker, president and co-owner of Three Brothers Bakery and member of Goldman Sachs 10,000 Small Businesses Voices National Leadership Council. “As our economy teeters on the brink of a recession, it’s more important than ever that Washington provide small businesses with the resources we need not just to get…

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