Entrepreneurship by Age

29 Million Adults Were Starting or Running New Businesses in U.S. in 2011

In the U.S. 29 million adults (12.3% of people aged 18-64) were starting or running new businesses in 2011. Of this 29 million, the majority fall within the 25-54 age range (e.g. approximately 10% of all adults in the 25-44 age range, and 8% in the 45-54 age range, were engaged in starting a business in 2011). But, the youth (18-24 years of age) and late career (55-64 years of age) age groups are also fairly represented by individuals who get bit by the entrepreneurship bug, with approximately 6% of adults in those age groups being engaged in starting a business in 2011. Additionally, 20% of U.S. adults aged 25-34, and more than 15% of adults aged 18-24 and 35-54, indicated that they intended to start a business according to the GEM 2011 survey results.

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