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Business facts & stats

4 sourced facts about small businesses in the United States, each with the context behind the number. 4 more are in today's round and appear here after it closes.

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Going deeper

About how many small businesses are there in the United States today?

Answerabout 36.2 million

Small businesses vastly outnumber large corporations, even though they employ fewer people on average.

Source: Wikipedia, Small business (2025) en.wikipedia.org

That survival rate drops to what share still operating after five years?

Answerabout 51%

Roughly half of small businesses close within their first five years.

Source: Wikipedia, Small business (2025) en.wikipedia.org

Since 2007, the U.S. Small Business Administration found small businesses created roughly what share of net new private-sector jobs?

Answerabout two-thirds

Small businesses are often described as the engine of US job creation for exactly this reason.

Source: Wikipedia, Small business (2025) en.wikipedia.org

Expert level

On average, employees at large firms earn wages about how much higher than employees at small firms?

Answerabout 49% higher

Large firms also tend to offer more benefits like paid leave, insurance and retirement plans.

Source: Wikipedia, Small business (2025) en.wikipedia.org

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