2019 Trends for Baby Boomers in Business

July 22, 2019

LendingClub surveyed more than 2,700 small business owners with our partner, Guidant Financial, to discover how boomer small business owners are pursuing their small business dreams.

Key findings include:

  • More boomers open their own businesses to be their own boss and pursue their passions than other age groups
  • Boomers are more educated on average, and the most common level of education for boomers is a Bachelor’s degree
  • Boomer-owned businesses have been in operation for longer than other age groups, with 51 percent in business for eight years or more

The infographic below details our key findings from surveying aspiring small business owners:

To learn more about who boomer small business owners are and what’s driving them, please download our white paper here.

If you’re a business owner looking for capital to invest in your business, we encourage you to consider a business loan through LendingClub. It takes just a few minutes to get a quote, there’s no cost, and no impact to your credit score to apply.

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