Kauffman Foundation News (11/10/11): New poll finds millennials want to start companies when economy rebounds
Millennials: An Entrepreneurial Generation of 18- to 34-Year-Olds Wants to Start Companies When Economy Rebounds,
According to New Poll
Young adults see entrepreneurship as path to success,
but are delaying because of the economy
In a beleaguered economy, the country needs entrepreneurs — the nation’s job creators. Fortunately, a recent poll shows that the so-called millennial generation — those ages 18-34 — are an entrepreneurial bunch. A few key barriers are holding them back, especially the economy.
“This poll reveals a generation that is enthusiastic about entrepreneurship, and that is good news for the U.S.,” said Carl Schramm, president and CEO of the Kauffman Foundation, “Fifty-four percent of the nation’s Millennials either want to start a business or already have started one. They recognize that entrepreneurship is the key to reviving the economy.”
The nationwide cell phone and landline survey, conducted by the Young Invincibles in conjunction with Lake Research Partners and Bellwether Research and funded by the Ewing Marion Kauffman Foundation, polled 872 Millennials on their thoughts about the economy and entrepreneurship. With the world getting ready for Global Entrepreneurship Week, Nov. 14-20, hearing what young people think about starting businesses is especially timely.