The Kauffman Foundation’s Jason Wiens talks about how these two demographic groups will chart the future course of entrepreneurship.
Unemployment rates are dropping, consumer confidence is growing, and the economy is finally picking up steam.
Yet there’s a soft spot in the nascent recovery: the rate of new business creation.
Even before the onset of the Great Recession, reports the Kauffman Foundation, American entrepreneurship has been declining.
But the Kauffman Foundation also argues that two groups of Americans – the Baby Boomers and the Millennials – could potentially reverse this trend. Together, the Boomers and the Millennials include nearly 140 million Americans.