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Showing posts with label Start up Growth. Show all posts
Showing posts with label Start up Growth. Show all posts

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 (bls.gov/cps/cpsaat15.pdf), 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 (challenger-gray.com) 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.