Perceptions and Facts
In a 2013 study, Pew Research Center found that your personal view of the economic situation has very much to do with your party affiliation.
When it comes to the basic question of whether the economic system is more secure today, Democrats perceive that things are getting better and Republicans, on the other hand, see little progress.
The objective measures of economic recovery tend to take a back seat to our political prejudices. A behavioral economist will tell you that, when it comes to the economy, perceptions count almost as much as facts.
In the United States, there are 28 million small businesses. Since 1995, small businesses have generated 64 percent of new jobs. Suffice to say, promoting and developing small businesses is a big part of any economic recovery.
Therefore, the perceptions of small business owners are an important indicator of the progress of the economic growth.