A recent Gallup poll of confidence in U.S. institutions showed a majority of Americans continuing to believe in small business, despite declines in confidence across the board on 16 different institutions covered.
Sixty-eight percent of Americans said they have a “great deal” or “quite a lot” of confidence in small business, down two percentage points from 2022. The military, at 64 percent, was the only other institution besides small business to reach above the 50-percent majority threshold, although confidence in the military was still down five percentage points from a year ago.
The institutions included were as follows:
Confidence in the presidency saw the most significant drop, from 38 percent in 2021 to 23 percent in 2022, with the Supreme Court experiencing the second-largest decrease, from 36-to-25 percent.
“Despite dealing with record levels of inflation, workforce challenges, political polarization and the aftermath of the global pandemic, we are pleased to see that Americans still have confidence in small businesses,” said Ashli Watts, President and CEO of the Kentucky Chamber of Commerce. “It is important to acknowledge that the nation clearly has some concerns with the direction in which our institutions are headed, so that we may come together, build consensus, and identify ways to work toward a better tomorrow.”