In the last 20 years there has been an 89% increase in student borrowers, and they carry 77% more debt than they did 20 years ago. There has been a 10% decrease in home-ownership rates among Americans ages 25-34 and a 10% increase among the same demographic reporting that fear of failure is keeping them from starting a business. So what do all these number have to do with each other? Millennials, while many believe are poised to be the most successful entrepreneurial generation yet, are not starting businesses at the same rate as other generations.
The economy is still recovering from the Great Recession slowly, and Millennials are feeling the pinch. But the recovery is going to stagnate unless there are more businesses and jobs created. The advantages that Millennials have are numerous- they have access to greater technology than any generation ever before. Learn how Millennials can change the entrepreneurial landscape from this infographic!