Fed survey: 90% of small business owners said sales hadn't returned to pre-pandemic levels

Author: Adam Button | Category: Central Banks

Fed survey of small businesses (fewer than 500 employees)

  • 95% of small businesses reported pandemic affected business
  • 78% reported a decline in revenue. Of those nearly one-third said they would be unlikely to survive without gov't assistance
  • 46% reduced workforce
  • 64% said they would apply for another round of assistance if available
  • 54% of firms characterized their financial condition as 'fair' or 'poor'
There has never been a time when the stock market was more disconnected from the real economy.

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