Jeremy Kuan | Vice President | Editor m jeremykuan@me.com According to an article from Forbes, En- trepreneurship in the US is starting to lose momentum. A study from the Nation- al Bureau of Economic Research found that start-up activity has decreased: new...
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Jeremy Kuan | Vice President | Editor m jeremykuan@me.com According to an article from Forbes, En- trepreneurship in the US is starting to lose momentum. A study from the Nation- al Bureau of Economic Research found that start-up activity has decreased: new firms used to account for 13% of new companies in the 1980s while new firms in the 2000s only account for 8% of all com- panies. The Kauffman Foundation found that the percentage of adults owning a business has been decreasing since the 1990s and the Brookings Institution uncovered the fact that the startup rate has fallen by almost a half since the 1978. Point is, entrepreneurship seems to be on the decline. But why? The author believes it to be increasing student debt. The ag- gregate student debt is at $1.2 trillion and the total sum of student debt for the class of 2016 is $60 billion: 12 times more than that of the classes of the early ’90s. Stu- dent debt has only been increasing due to two reasons: the government hasn’t been
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