economy
Entrepreneurship is booming in the U.S. Gen Zers are leading the way.
August 6, 2026 / 5:10 PM EDT / CBS News
TL;DR
- Generation Z is leading a surge in new business applications, with a 66% increase compared to the previous year.
- Advancements in artificial intelligence are lowering barriers to entry and reducing startup costs for young entrepreneurs.
- Younger Americans are increasingly preferring to be their own bosses rather than working for others.
- Lower-income households now account for a larger percentage of new businesses.
- AI helps automate tasks, streamline information, and reduce expenses for startups, particularly in tech-focused fields like healthcare.
- Job dislocation and difficulties in securing traditional employment are also factors driving young people toward entrepreneurship.