The changing demographics of business ownership
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The last few years have seen an extraordinary increase in business formation, with certain demographic groups experiencing rising levels of entrepreneurship and shrinking business ownership gaps. Between 2019 and 2022, the share of Black and Hispanic families with ownership in employer businesses rose, while white families did not report a similar increase. The analysis also examines business ownership by educational attainment and income and how it influences wealth building across groups. Policymakers should seize the opportunities provided by the increase in business formation to support wealth creation, close wealth gaps, and make the economy more resilient and dynamic.

#BusinessOwnership #Demographics #Entrepreneurship #WealthBuilding #EconomicInequality

https://www.brookings.edu/articles/the-changing-demographics-of-business-ownership/