Majority of nonwhite students in U.S. will not start their own business
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. ■