Archive for the ‘In the News’ Category

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Stocks Soar, But Young Investors Remain Wary

/   Crystal Kim, Barron's

Markets are near all-time highs, but lots of young investors are sitting out the rally, owed in part to their glass-half-empty perspective of the economy. A recent study by Ernst & Young and the Economic Innovation Group found that the cohort born between 1982 and 1998 is still deeply affected by the stock market crash…

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Ireland’s business startup rate among lowest in European Union

/   Michael Hennigan, FinFacts

The US Census Bureau’s Business Dynamics Statistics (BDS) program last September released its estimates for the year 2014. Startups’ share of all US firms dropped from 8.1% in 2013 to 8.0% in 2014. 403,900 new firms opened in 2014, down from 404,500 in 2013 and the startup rate remains below the 10.8% achieved in 2006…

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Why Millennials Choose To Join Corporate America Over Becoming Entrepreneurs

/   Natalie Bacon, Forbes

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…

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J.D. Vance, the False Prophet of Blue America

/   Sarah Jones, New Republic

According to the Economic Innovation Group, my home congressional district—Virginia’s Ninth—is one of the poorest in the country. Fifty-one percent of adults are unemployed; 19 percent lack a high school diploma. EIG estimates that fully half of its 722,810 residents are in economic distress.

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Hire me, I’m a millennial: What being a millennial means in business today

/   Tyra Laster, Rolling Out

Phrases such as “generation me” have earned that title due to the perceived notion that this generation is self-entitled, unimpressed, and unmotivated. In fact, John Lettieri, the co­-founder of the Economic Innovation Group, stated that, “Millennials are on track to be the least entrepreneurial generation in recent history.” On the contrary, millennials are seen as…

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