Small-business owners, particularly aging baby boomers, confront mounting retirement challenges exacerbated by current economic conditions. With many relying on their businesses as their primary retirement fund, only 20% are prepared for sale. Compounding issues such as inflation, supply chain disruptions, and recent policy shifts create an increasingly grim scenario for these owners. The collective weight of these factors is reflected in their declining optimism and the significant role these businesses play in the American economy, highlighting an urgent need for solutions.
The current economic climate exacerbates challenges for aging small-business owners, making it harder for them to retire with dignity as they approach retirement age.
Only 20% of small businesses are ready for sale, despite many owners hoping to finance retirement by selling their companies.
Baby boomers own about 2.3 million businesses, generating about $5 billion in revenue and employing almost 25 million people, yet face significant retirement challenges.
Recent policy shifts with trade instability and inflation have made life increasingly difficult for business owners, impacting their ability to retire successfully.
Collection
[
|
...
]