Black workers and business owners are more likely to face financial challenges due to the COVID-19 pandemic and, at the same time, are less likely to have good health care access or health insurance. That’s according to the new Black Business Health Survey published by Intuit QuickBooks today.*
The QuickBooks-commissioned survey of 4,000 business owners, employees, and self-employed people throughout the U.S. reveals that Black-owned businesses are more than twice as likely as others to be financially stressed right now. More than one in five Black business owners (27%) describe the current financial health of their business as “poor” or “terrible”—compared to one in ten (11%) of other business owners.