Small Businesses In Florida Are Getting Crushed By Inflation

Matt Lillywhite

It's no secret that inflation is wreaking havoc on Florida's small businesses. And unfortunately, some are being forced to close due to the tough economic environment.

Take Monroe's Smokehouse Bar-BBQ Beach Boulevard in Jacksonville as an example. "We will be closing our Beach Blvd location at the end of August," the owner wrote on Facebook. "We have many great memories of guests and staff that have become like family to us and have played a role in our journey since opening this location in 2012. It has been our loyal staff that has allowed us to continually serve our guests at this location and we cannot thank them enough."

In South Florida, things aren't any better. A woman was recently surprised to see a "temporary inflation fee" on her bill after eating at a restaurant in Coral Springs. "I paid the fee without complaint, just questioned it, and gave the server the regular tip," said the woman who posted an image of the bill on social media. "I understand that inflation is a troubling issue today."

To offset the rising cost of living, some low-income families in Florida will receive $450 "inflation relief" checks soon, per Fox Business. "Eligible recipients include foster parents, relative and nonrelative caregivers and families receiving funds from the Florida Temporary Assistance for Needy Families program or Guardianship Assistance program, according to a statement from the Florida Department of Children and Families."

In related news, the GDP of the United States shrank for two quarters in a row, amplifying fears of a recession. However, President Biden has recently reaffirmed his stance that the United States is not in a recession.

"Coming off of last year's historic economic growth — and regaining all the private sector jobs lost during the pandemic crisis — it's no surprise that the economy is slowing down as the Federal Reserve acts to bring down inflation," said Biden in a statement earlier today. "But even as we face historic global challenges, we are on the right path, and we will come through this transition stronger and more secure."

What do you think about the rising cost of living? Leave a comment with your thoughts. And if you think more people should read this article, share it on social media.

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