American millennial entrepreneurship is down and have been on a downward trend since the 1980s. High student debt and healthcare costs diminish the chance for the skills abilities of the new generation to be fully realized. However, one area helps entrepreneurship come alive: emerging markets.
In emerging markets, millennials help drive economic transformation with new businesses and services. After all, 89.8 percent of the global population under 30 lives in an emerging market. Also, millennials are more optimistic about the future. They expect to be better off financially and emotionally than their parents--71 percent and 62 percent respectively. In addition, pessimism is rampant in developed economies as 36 percent of millennials expected the situations to improve over the next year.
Like optimism, there is an increased belief in businesses, more innovation, access to capital, and the inclusion of females in entrepreneurship. Altogether, the future looks bright for entrepreneurs due to the abilities of those in emerging markets. A nation's development level does not dictate entrepreneurship.
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