Survey reveals that minorities and younger students are more entrepreneurially inclined, and overall four in 10 U.S. students express plans to start a business
LOS ANGELES – January 16, 2014 – Global financial dignity leader, Operation HOPE announced today highlights from the 2013 Gallup-HOPE Index (GHI), a joint project focused on encouraging entrepreneurial development among youth and measuring their economic energy. The findings show that almost half of all racial and ethnic minority students say they plan to start their own business, while older students were found less likely than younger ones to have entrepreneurial intentions. Read the full study here.
The results are based on a telephone survey conducted October 18-30, 2013 with a nationally representative sample of 1,009 U.S. students in grades 5-12. (Video Exclusive: Executive Director for Gallup Education, Brandon Busteed explains survey.)
“Each year the findings from the Gallup-HOPE Index help us to identify gaps in the entrepreneurial attitudes of America’s youth, and provide solutions,” said John Hope Bryant founder, chairman and CEO of Operation HOPE. “Through our project, we aim to better guide our youth on how to turn aspiration, to perspiration, to success. By fostering entrepreneurship in students today, we are creating better opportunity for more jobs tomorrow – the root of a healthy economy.”
Overall, four in 10 U.S. students express plans to start a business. Slightly fewer (38%) say they will invent "something that changes the world." The interest from students to “start their own business” has dropped from 45% in 2011 to 42% in 2013. Their belief that they will ‘invent something world-changing’ also declined in 2013 to 38% after holding steady in 2011 and 2012 at 42%. (Gallup Economy news 1-13-2013.)