Meet The Millennipreneurs (Entrepreneurs Born Between 1982 And 2000) [Infographic]

Our latest infographic details the emergence of Millennial entrepreneurs, or millennipreneurs, and how successful they are compared to previous generations.

Millennials lag prior generations in starting businesses. Who’s self-employed at age 30:

• 4% of Millennials
• 5.3% of Gen-Xers
• 6.8% of Baby Boomers

42% of Millennials say they don’t have the financial means to start a business. Two-thirds have at least one source of debt:

• 30% have more than one source of debt
• 81% of college-educated Millennials have at least one source of debt

But they admire entrepreneurship:

• 78% consider entrepreneurs successful
• 62% thought about starting a business
• 55% believe that their generation is more entrepreneurial than past ones even though the data says otherwise

Reasons they start businesses:

• 40% want to be their own boss
• 21% want passion in the job
• 21% desire flexibility in time/location
• 6% looking for challenge and growth
• 5% laid off from prior job

Infographic by: www.score.org