According to the Kauffman Foundation, individuals between the ages of 54 and 64 represented 22.9% of the entrepreneurs who started businesses in 2010. That’s up from 14.5% in 1996.
Furthermore, the Kaufman Foundation says, that since 2007, this group of grannypreneurs (my word, not theirs) has created new businesses at a higher rate than any other age group. Sweet.
The data, writes Kauffman’s research director Dane Stangler, demonstrates that “The United States might be on the cusp of an entrepreneurship boom—not in spite of an aging population but because of it.”
Hey, maybe this trend, in addition to speeding the economic recovery, will compel America’s youth to respect their elders.