How Entrepreneurship Can Help Millennials Build Wealth and Cut Student Debt | Inc.com


It’s a favored tradition amongst well-established generations to look at younger generations with contempt. People love to tease millennials — calling them lazy, entitled, and self-involved — but research by Boston Consulting Group shows that these stereotypes are unfounded.

Yes, there are generational differences — driven largely by technology and social trends — but millennials as a whole are ambitious and idealistic. Not only do they want to “make the world a better place,” but a new report by the Bureau of Labor Statistics shows that millennials work significantly more hours and have higher levels of education than previous generations.

Considering that education costs have risen 65 percent and food costs have increased 26 percent since 1996, it’s clear that the struggle is real. Many millennials live in survival mode, trying to keep up with basic expenses.

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