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Why so many of America’s entrepreneurs are over 40

Maybe America has been watching a lot of “Shark Tank,” because starting a business has been a popular choice lately.

An average of 7.99% of job seekers started a business in the first quarter of 2018, down from 5.1% for the same period last year. That marked the highest quarterly average since the fourth quarter of 2013, when it was 8.6%, according to the outplacement and executive coaching firm Challenger, Gray and Christmas, which surveyed more than 3,000 job seekers last quarter.

Here’s why they’re on the rebound:

The economy is doing better

Low unemployment is a likely reason more job seekers feel confident starting their own businesses, said Andrew Challenger, the vice president of Challenger, Gray and Christmas.

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