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Monday, April 28, 2008

Aging Boomers Lead Start Up Growth since 2006

Aging Boomers lead startup growth
A study finds that the number of middle-aged Americans starting businesses is surging.

By Gary Stern, FSB Contributor
August 13 2007: 3:50 AM EDT

(FSB 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.

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