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

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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.