{"id":40726,"date":"2013-02-21T09:50:53","date_gmt":"2013-02-21T14:50:53","guid":{"rendered":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/2013\/02\/21\/chapter-6-business-ownership\/"},"modified":"2024-04-14T04:09:15","modified_gmt":"2024-04-14T09:09:15","slug":"chapter-6-business-ownership","status":"publish","type":"post","link":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2013\/02\/21\/chapter-6-business-ownership\/","title":{"rendered":"Chapter 6: Business Ownership"},"content":{"rendered":"<p class=\"wp-block-paragraph\">In addition to homeownership, Americans have considerable stakes in private businesses.[6. numoffset=&#8221;6&#8243; In 2010 business equity was 28% of the value of all nonfinancial assets of American households, second only to residential property (59%) (Bricker et al., 2012).] On this score, however, there is not much evidence that young adult households are any less likely to own a business. According to Federal Reserve data, about 8% of households headed by those younger than 35 owned a privately held business in 2010, similar to the level observed in 2001. Business ownership did decline among households in the 35-to-44 age bracket.<\/p>\n\n<figure><img data-dominant-color=\"f4f5f4\" data-has-transparency=\"false\" style=\"--dominant-color: #f4f5f4;\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-16329 not-transparent\" alt=\"SDT-2013-02-Financial-Milestones-06-01\" src=\"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/3\/2013\/02\/SDT-2013-02-Financial-Milestones-06-01.png\" width=\"295\" height=\"514\"><\/figure>","protected":false},"excerpt":{"rendered":"<p>In addition to homeownership, Americans have considerable stakes in private businesses.[6. numoffset=&#8221;6&#8243; In 2010 business equity was 28% of the value of all nonfinancial assets of American households, second only to residential property (59%) (Bricker et al., 2012).] On this score, however, there is not much evidence that young adult households are any less likely 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