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Young People of Color Want to Be Their Own Boss

Young POC want to be in control of their futures, and owning their own business is an aspiration for many…

Written and Edited by the YPulse Editorial Team

Jun 3 2024
North America

KEY TAKEAWAYS

Young people of color are more likely than their White / non-Hispanic peers to want to be business owners
Black and Hispanic young people are most likely to say starting their own company is very important to them
Economic and cultural factors lead young POC to pursue starting their own businesses

Young people of color have an entrepreneurial spirit: YPulse’s Employment and Career Goals report data shows they dream of owning their own company one day. And though just 6% of Gen Z and Millennials of color say they are currently self-employed, many more are interested in making that a reality. In fact, YPulse’s Life Milestones and Future Plans report shows young POC are +17pts more likely than their White / non-Hispanic peers to say starting a business is an important life goal / aspiration for them (63% POC vs 46% WNH). YPulse’s Employment and Career Goals survey asks 13-39-years-old how...