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14 The State of American Finances

The American Small Business

The Facts

  • There are almost 28 million small businesses in the United States.
  • Of that 28 million, about 22 million of them are self-employed, with no additional employees.
  • 120 million U.S. citizens (more than 50 percent of the working population) work for a small business.
  • Of all net new jobs since 1995, small businesses have created 65 percent of those jobs.

Current Financial State

  • As of 2014, more small-business owners are anticipating economic expansion in the coming year than at any point in the last seven years.
  • 45 percent of small businesses reported an increase in revenue in 2014.

When compared with one year ago, would you say toay's national economy is:

Better Off

Better off bar chart

Worse Off

Worse off bar chart

About the Same

About the same bar chart
  • July 13
  • Dec. 13
  • July 14
  • Dec. 14

Source: National Small Business Administration 2014 Year-End Economic Report

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