NEW YORK - Signs seem to point to a relatively good holiday season for America’s small businesses, but those owners appear to have collective anxiety about the months ahead.
They have their customers to thank.
Americans kept up spending over the summer, witness the government’s estimate that the economy grew by 4.9% in the 3Q.
Yet, consumers seem pessimistic about finances, according to a recent AP-NORC poll.
"The combination of higher inflation and rising interest rates are making consumers nervous," said Max Rhodes, CEO of Faire, an online wholesale marketplace, "which in turn makes retailers nervous. It continues to be a weird economy. The data looks good, but nobody feels good about it.” (The AP 11/06/23) Small business owners are both hopeful and anxious about the holidays | AP News
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