According to a poll conducted by Job Creators Network Foundation in early May 2023, nearly two-thirds (64%) of small business owners are concerned that they may be forced to close because of the current state of the economy, The Daily Wire reports.

The two biggest concerns are inflation and the problems facing banks which has resulted in the closure of several financial institutions across America.

Sixty-six percent of the business owners surveyed also expressed concerns about the rising interest rates being used to combat inflation caused by government overspending.

Most of the economic struggles in the US are directly related to policies initiated by the Biden Administration.

READ: Two-Thirds Of Business Owners Concerned Biden Economy May Force Them To Close, Poll Finds