Why Millennials Choose To Join Corporate America Over Becoming Entrepreneurs

Forbes reports:

Millennials have a reputation for ditching their nine-to-fives for entrepreneurship. But in terms of young people actually going out to start their own businesses, this perception is very different from reality.

Why? According to a study by the Small Business Administration, in 2014, less than 2% of millennials were self-employed. This compares with 7.6% of Generation X and 8.3% of Baby Boomers. Another study, conducted by the Kaufman Foundation, found that young people (age 20-34) accounted for only 22.7% of entrepreneurs in 2013, compared to 34.8% in 1996. Further, John Lettieri, the cofounder of the Economic Innovation Group, stated in a U.S. Senate Committee Hearing on Small Business and Entrepreneurship that millennials are likely going to be the "least entrepreneurial generation in recent history”.

Their socialist public school teachers must be so proud.