Older Entrepreneurs Booming
However, the latest government figures indicate that the tide is turning toward more experienced individuals, many of whom may have lost their jobs during the three-year wave of job cutting, which has yet to let up.Unpublished government data obtained by Challenger researchers show that the number of Americans 55 and older categorized as self-employed in non-agricultural industries has increased 22 percent from 2,136,000 in May, 2000 to 2,598,000 as of May, 2005.
These senior entrepreneurs now represent nearly 27 percent of all self-employed workers, which is second only to 45- to 54-year-olds who make up more than 27 percent of the self-employed.
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