Older Entrepreneurs
- Steven Greenhouse, People 55 and Older Start Own Businesses in Growing Numbers
More than five million Americans age 55 or older run their own businesses or are otherwise self-employed, according to the Small Business Administration. And the number of self-employed people ages 55 to 64 is soaring, the agency says, climbing 52 percent from 2000 to 2007.
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A study by Babson College and Baruch College found that Americans age 55 and above started 18.9 percent of all businesses created in 2008, compared with 10 percent in 2001. The 55-and-overs are playing a larger role in entrepreneurship partly because the number of Americans in that age category is rising rapidly. (The Center for Retirement Research at Boston College found only a small increase in the percentage of those older than 55 who are self-employed since 2001, although it found a spurt upward since mid-2008.)
Source: The New York Times
Erratic inquiries of Stowe Boyd, who means well, despite everything.
