Millennials are on track to be the least entrepreneurial generation in recent history. The share of people under 30 who own a business have fallen over 65% since the 1980s. High debt, such as from student loans, is a big factor negatively impacting risk taking in creating start ups. This is the first generation in American history that will do less well than their parents. Find out why in this video!
In the first half of this Keiser Report, Max and Stacy discuss the myth of the Millennial entrepreneur. Business startups have collapsed but the Obama administration says that student debt is great for the US economy! Meanwhile, in China, ‘innovation centers’ have popped up all over the country, but will the entrepreneurs ever show up? In the second half, Max interviews Gerald Celente of TrendsResearch.com about entrepreneurship.