So many boomers are looking for the Last Big Thing


Yet another article about baby boomers starting businesses. Here’s one in the New York Times about a skier who developed orthopedic tights: A second Wind from an Injured Knee. The article includes some stats on the trend:

His decision to start a business in his late 50s is far from unusual. A report this year by the Ewing Marion Kauffman Foundation found that late-in-life entrepreneurs — ages 55 to 64 — now comprise 23 percent of new business owners, up from 14 percent in 1996. And the results of a survey released this month by the Pew Research Center showed that baby boomers were less likely to say that job security was “extremely important” to them compared with two younger groups: millennials and members of Generation X — suggesting an inclination toward entrepreneurship.

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