A terrible myth is surrounding millennials and entrepreneurship

A terrible myth is surrounding millennials and entrepreneurship | Business Insider

The author correlates "oligopoly" with rising college debt.

I tend to agree; risk has a price (like everything else) and if someone is already in debt, it's hard for them to justify adding more on top of that pile without reward.

It's a vicious cycle: debt inhibits growth and inhibited growth increases debt.

tl;dr ...

 The share of people under 30 who own a business [...] is now at a quarter-century low 

 The average age for a successful startup-founder is about 40 years old

 Young people’s appetite for risk-taking has declined at the same time that their student debt has grown 

 A handful of large firms dominate each sector of the U.S. economy 

 Even in tech, the sector synonymous with innovation, the frontier is closing