Why Are So Few Millennials Entrepreneurs?

Why Are So Few Millennials Entrepreneurs? by Zachary Slayback, Foundation For Economic Education

Schooling and government policy have stifled the spirit of enterprise among the young

There’s a popular trope right now that a ton of young people are founders and entrepreneurs. Thanks to a handful of young founders with a disproportionate impact (ala Mark Zuckerberg) and cultural figures like HBO’s Silicon Valley, you can easily trick yourself into believing that entrepreneurship is all the craze among young people. Hacker meetups, entrepreneurship clubs and majors on college campuses, and the sudden growth of incubators and accelerator programs can present some sexy fodder for this case.

But this is all misleading. Entrepreneurship among young people is actually relatively uncommon. Relatively few young people today own stock...