Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Health Insurance

Boomer entrepreneurs leading nation to recovery, experts say

X
Your article was successfully shared with the contacts you provided.

Over the past decade, boomers have outpaced every other age group as entrepreneurs. At this rate, experts predict the cohort could drive the economy back to health.

“The fact that the largest age group of our population is also the most entrepreneurial bodes well for the United States’ economic future,” said Robert E. Litan, vice president of Research and Policy at the Kauffman Foundation, which has recently released a new study, “The Coming Entrepreneurship Boom.”

“Contrary to popularly held assumptions, it turns out that over the past decade or so, the highest rate of entrepreneurial activity belongs to the 55-64 age group,” says a statement from the Foundation. “The 20-34 age bracket, meanwhile, which is usually identified with swashbuckling and risk-taking youth (think Facebook and Google), has the lowest. Perhaps most surprising, this disparity occurred in the 11 years around the dot-com boom–when the young entrepreneurial upstart became a cultural icon.”


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.