Gas Prices Hurt Self-Employed Business

Considering the gas and energy prices evolution in the past few months, the self-employed reacted by cutting back their business activity, according to NASE.

A survey of more than 500 National Association for the Self-Employed (NASE) members, reveal that a significant percent of self-employed business owners considers that the rise in prices has moderately (28.9%) or significantly (25%) hurt their business.

Some other interesting data from the survey:

68.8% said that the cost of gas changes their driving behavior.

42% of self-employed and micro-business respondents spent over $250 on gasoline for their vehicle within the past month.

54% indicated that the volatility in energy and gasoline prices moderately or significantly hurt their business.

37% stated that in a direct response to the unstable or increasing energy and gasoline prices, they had to reduce their workforce (full-time and part-time).

You can see all the data on the NASE website,  here.