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Business Breaking News: Baby Boomers Flock to Entrepreneurship
Even though they're nearing retirement age, a large number of baby boomers are looking for an "encore" career as entrepreneurs.
Adults over the age of 50 comprise one of the fastest-growing groups of entrepreneurs in the United States, according to a new Gallup study. Among those people who don't currently own a business, baby boomers are twice as likely as millennials to say they plan to start a business in the next year.
The majority of those prospective entrepreneurs cite a desire for lifestyle changes as the reason behind their desire to launch a new venture in the later stages of their careers. Specifically, 32 percent of the baby boomers surveyed said they are choosing to start businesses primarily because doing so will allow them to be independent, while 27 percent say it will give them a chance to pursue their interests and passions.
Commodity Online News: LME Inventory data: Nickel stocks gained by 678 tons
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