New Businesses On The Rise In Lewisville

Star Community Newspapers:

The majority of new entrepreneurs are neither fresh out of college nor Generation X-ers. According to a new study, the baby boomer generation is the strongest force behind most new businesses.

The study, by the Ewing Marion Kauffman Foundation, “The Coming Entrepreneurship Boom,” found that the largest group of entrepreneurs belongs to the 55-64 age group. The study also shows that long-term employment has fallen dramatically for people ages 35-64 over the past 50 years. According to Dane Stangler, senior analyst at the Kauffman Foundation and author of the study, the United States might be on the brink of an entrepreneurship boom because of the aging population.

“The very idea of ‘too-big-to-fail’ institutions has been permanently damaged,” Stangler wrote. “Recent economic trends—away from lifetime jobs and toward more and more new companies—will thus gain even greater cultural traction.” More.

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