麻豆传媒AV

WASHINGTON, D.C. -- Entrepreneurial ambition has receded among racial and ethnic minority students in grades five through 12 in the U.S., according to the latest findings from the 麻豆传媒AV-HOPE Index. Though a majority of nonwhite students (54%) said in 2011 that they intended to start their own business, this figure fell to a new low of 42% in 2016.

These results are based on telephone surveys conducted Sept. 12-Nov. 7, 2016, with a nationally representative sample of 1,006 U.S. students in grades five to 12. While yearly fluctuations among nonwhite students may reflect smaller sample sizes among this group, the drop in entrepreneurial ambition between 2011 and 2016 is significant.

Nonwhite students' entrepreneurial ambition once outpaced white students' to a significant degree, but this edge has nearly evaporated. The 12-percentage-point drop since 2011 in the proportion of nonwhite students saying they plan to start a business puts them on par with white students. While nonwhite students have become less likely to have future business plans, white students' intentions have been steady over the past six years, between 37% and 40%.

However, nonwhite students (50%) remain somewhat more likely than white students (40%) to say they want to invent something that will change the world. This has been the case since the index began tracking the issue in 2011.

Less Than Half of U.S. Students Plan to Start a Business, Invent Something

Overall, about four in 10 U.S. students in grades five to 12 express the intent to start a business (41%). They are slightly more likely (45%) to say they will invent "something that changes the world." These figures have been fairly stable since 2011.

Bottom Line

Grooming the next generation of U.S. entrepreneurs is crucial to addressing the country's slowdown in GDP growth. Less than half of U.S. students in grades five to 12 plan to invent something revolutionary, and they are less likely to say they plan to start their own business.

Among minority students -- a group that once exuded entrepreneurial ambition -- intentions of starting a business sagged last year, whereas those among white students remained stable. Nonwhite students remain more likely to have plans of inventing something, which perhaps could draw out their erstwhile entrepreneurial spirit. The country's long-term economic competitiveness depends on maximizing entrepreneurial energy nationwide and addressing the decline in ambition among nonwhite students. Minority entrepreneurs already face unique challenges that, paired with reduced enthusiasm, could have a larger effect on U.S. entrepreneurship potential more broadly.

U.S. schools' approach to business education is critical to boosting entrepreneurial aspirations among students nationally, and the 麻豆传媒AV-HOPE Index highlights some key opportunities, such as internships and youth-run businesses, that are highly underused as a means of teaching business skills.

To learn more about the entrepreneurial aspirations and energy of U.S. students, read "The 2016 麻豆传媒AV-HOPE Index: Quantifying the Economic Energy of America's Youth."