July 21, 2014
Contact: University Relations
Ting Zhang, assistant professor in the University of Baltimore's School of Public and International Affairs and associate director and research assistant professor in UB's Jacob France Institute, tells Time magazine that more older Americans are recognizing that it makes sense to pursue their business dreams, especially since their fellow seniors also are stepping up to do it.
"Some older workers have been cherishing a dream, wanting to start their own business, and the time is now," Zhang tells the magazine. "Aging is a new opportunity to be an entrepreneur."
According to Time, which posted the article via its Money website, the Kauffmann Foundation reports that new businesses created by people 55 to 64 jumped by more than 60 percent between 1996 and 2013. In 2013, nearly a quarter of all new-business launches came from these older Americans.
Zhang is the author of the 2008 book Elderly Entrepreneurship in an Aging US Economy: It’s Never Too Late, which was favorably reviewed by The Gerontologist. She has spoken on aging and entrepreneurship at the National Press Club as a guest of the Center for Productive Longevity, and also has been interviewed by Bloomberg Business Week on older people's entrepreneurship.
Read the article in Time.
Learn more about Ting Zhang.