Aging Boomers Lead Startup Growth

August 21, 2007 by Rich | 0 Comments
In Boomers, Startup


Fortune Small Business Magazine:

Which Americans are leading the surge in entrepreneurship? Aging boomers.

According to the U.S. Bureau of Labor Statistics, the ranks of the self-employed aged 55 to 65 rose 33 percent in 2006; the number of self-employed 25- to 35-year-olds fell 2 percent.

In a quarterly survey by outplacement firm Challenger Gray & Christmas of its clients - mostly managers and executives - the number starting firms or turning to self-employment rose 29 percent in the first quarter of 2007 over the first three months of 2006. Of those, a staggering 88 percent were 40 and older.

Photo by MSDesigns.

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