Poll: 54 Percent of Young Americans Want to Become Entrepreneurs, Want Easier Credit & Training

Small and medium sized business are the hot-seats of innovation and sustainability. What is going to spur on the small-business era? Young entrepreneurs hold the most promise.

According to a new study by the Kauffman Foundation,

  • 54 percent of Americans aged 18 to 34 want to start their own company, but just 8 percent of them own businesses now.
  • The biggest barriers to entre­pre­neur­ship: A lack of access to credit and an undue amount of risk.
  • Forty-four percent more African-Americans and Latinos reported being interested in owning businesses than did white young people.
  • 92% of the respondents wanted greater access to “education and training so people have the skills and information they need.
  • In addition to increasing access to capital and training, 81 percent of the young people surveyed support student loan relief to start companies.


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About the Author

Hi there! I am Priti and I specialize in strategy and communications for impact organizations that aim to create social, environmental and economic wealth for all stakeholders. Working from the ground up, I help these do-gooders craft effective programs for community engagement, outreach and profitability. Follow my work covering do-gooders, cleanweb, start-ups and Web 2.0 businesses on Ecopreneurist and at Crowdsourcing Week. I enjoy traveling with my boys, cooking up a gourmet meal from scratch and entertaining! Join my community for Social Entrepreneurs on G+ Follow me on Twitter, on LinkedIn and Google+