{"id":2473393,"date":"2023-09-20T13:07:01","date_gmt":"2023-09-20T17:07:01","guid":{"rendered":"https:\/\/www.valuewalk.com\/?p=2473393"},"modified":"2023-09-20T13:07:05","modified_gmt":"2023-09-20T17:07:05","slug":"50-blame-high-interest-rates-for-economic-decline","status":"publish","type":"post","link":"https:\/\/www.valuewalk.com\/50-blame-high-interest-rates-for-economic-decline\/","title":{"rendered":"50% Blame High Interest Rates For Economic Decline"},"content":{"rendered":"\n<p>As the Feds contemplate\u00a0whether or not to raise <a href=\"https:\/\/www.valuewalk.com\/the-fed-should-not-increase-key-interest-rates-further\/\">interest rates<\/a> again, <a href=\"https:\/\/www.alignable.com\/forum\/52-of-u-s-small-businesses-suffer-financial-loss-from-rising\" rel=\"nofollow\" target=\"_blank\">Alignable&#8217;s Small Business Interest Rate Report<\/a> reveals that:<\/p>\n\n\n\n<ul>\n<li>50% of small business owners say steadily increasing interest rates over the past 18 months have directly resulted in economic setbacks for their businesses.<\/li>\n\n\n\n<li>Further, 66% of the poll respondents in this group believe&nbsp;economic issues will persist even if the Federal Reserve doesn&#8217;t raise rates further.<\/li>\n\n\n\n<li>In fact, 38% of those struggling&nbsp;say that the interest rate must be&nbsp;reduced&nbsp;by at least three points before they envision rebounding again.<\/li>\n<\/ul>\n\n\n\n<div class=\"ca-widget\" data-token=\"db374bac7cf4\"><\/div><script async defer src=\"https:\/\/secure.money.com\/embeds\/embedder.js?v=1\"><\/script>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" width=\"1406\" height=\"900\" src=\"https:\/\/www.valuewalk.com\/wp-content\/uploads\/2023\/09\/High-Interest-Rates.jpg\" alt=\"High Interest Rates\" class=\"wp-image-2473394\" srcset=\"https:\/\/www.valuewalk.com\/wp-content\/uploads\/2023\/09\/High-Interest-Rates.jpg 1406w, https:\/\/www.valuewalk.com\/wp-content\/uploads\/2023\/09\/High-Interest-Rates-300x192.jpg 300w, https:\/\/www.valuewalk.com\/wp-content\/uploads\/2023\/09\/High-Interest-Rates-768x492.jpg 768w\" sizes=\"(max-width: 1406px) 100vw, 1406px\" \/><\/figure><\/div>\n\n\n<h2 class=\"wp-block-heading\">High Interest Rates Are Taking A Toll On Small Businesses<\/h2>\n\n\n\n<p>These are just a few findings emerging from a poll of 7,396 randomly selected small business owners surveyed from 8\/5\/23 to 9\/18\/23.&nbsp;Here are a few other highlights:<\/p>\n\n\n\n<ul>\n<li>Reasons for the negative economic impact\u00a0include\u00a0reduced consumer spending with local businesses,\u00a0vendors raising prices that are then absorbed by <a href=\"https:\/\/www.valuewalk.com\/57-of-smbs-have-tried-chatgpt-26-are-very-optimistic-about-it\/\">SMBs<\/a>, deferred expansion plans due to high loan rates, &amp;\u00a0increased rates on SBA\u00a0loans.<\/li>\n\n\n\n<li>Snippets of quotations from affected SMB owners\u00a0express great\u00a0intensity, like:\n<ul>\n<li><em>&#8220;<a href=\"https:\/\/www.alignable.com\/forum\/52-of-u-s-small-businesses-suffer-financial-loss-from-rising\" rel=\"nofollow\" target=\"_blank\">High interest rates are killing me<\/a>.&#8221;<\/em><\/li>\n\n\n\n<li><em>&#8220;My locally owned sub shop is being crushed under the weight of my SBA loan that keeps ballooning in monthly interest&nbsp;payments.&#8221;<\/em><\/li>\n\n\n\n<li><em>&#8220;The&nbsp;current high rates for loans paired with the lack of housing inventory has created a severe slowdown in real estate transactions.&#8221;<\/em><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><a href=\"https:\/\/www.alignable.com\/forum\/52-of-u-s-small-businesses-suffer-financial-loss-from-rising\" rel=\"nofollow\" target=\"_blank\">Concerns cut across many sectors<\/a>:&nbsp;real estate (81%), automotive (72%), transportation (64%), construction (61%), restaurants (56%), retail (51%), finance (49%), manufacturing (45%), &amp; beauty shops (42%).<\/li>\n\n\n\n<li>Veterans (61%) &amp;&nbsp;minority-owned businesses (58%) are suffering the most in terms of demographic groups.<\/li>\n\n\n\n<li>Many states have high percentages of SMB owners struggling under the weight of high interest rates, including\u00a0AZ (63%), NC (59%), CO (58%),\u00a0MD (57%),\u00a0PA (56%), FL &amp; TX (each 54%),\u00a0NJ &amp; MN (each 53%),\u00a0CA (52%),\u00a0MA (51%),\u00a0TN (47%),\u00a0IL &amp; NY (each 46%), &amp;\u00a0CT (45%).<\/li>\n<\/ul>\n\n\n\n<p>To see the full report, <a href=\"https:\/\/www.alignable.com\/forum\/52-of-u-s-small-businesses-suffer-financial-loss-from-rising\" rel=\"nofollow\" target=\"_blank\">go here<\/a>.<\/p>\n ","protected":false},"excerpt":{"rendered":"<p>As the Feds contemplate\u00a0whether or not to raise interest rates again, Alignable&#8217;s Small Business Interest Rate Report reveals that: High &#8230; <a title=\"50% Blame High Interest Rates For Economic Decline\" class=\"read-more\" href=\"https:\/\/www.valuewalk.com\/50-blame-high-interest-rates-for-economic-decline\/\" aria-label=\"More on 50% Blame High Interest Rates For Economic Decline\">Read more<\/a><\/p>\n","protected":false},"author":2476,"featured_media":2466069,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2689],"tags":[659238,660727,645498],"states":[],"acf":[],"modified_by":"Umair Tariq","_links":{"self":[{"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/posts\/2473393"}],"collection":[{"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/users\/2476"}],"replies":[{"embeddable":true,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/comments?post=2473393"}],"version-history":[{"count":1,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/posts\/2473393\/revisions"}],"predecessor-version":[{"id":2473395,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/posts\/2473393\/revisions\/2473395"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/media\/2466069"}],"wp:attachment":[{"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/media?parent=2473393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/categories?post=2473393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/tags?post=2473393"},{"taxonomy":"states","embeddable":true,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/states?post=2473393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}