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The new entrepreneurs: Americans over 50

January 18, 2005 /

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Entrepreneurship, waning in recent years, is getting a big boost from an unlikely source: older Americans starting companies.

Call them grandma-and-grandpop businesses. New research shows 5.6 million workers age 50 and older are now self-employed, a 23% jump from 1990. The numbers are expected to rise further as baby boomers seek more job security, Americans get older and cheaper technology drives down start-up costs.

By Jim Hopkins, USA TODAY

Full Story: http://www.usatoday.com/money/smallbusiness/2005-01-17-older-entrepreneurs_x.htm