American Express has been researching the attitude of entrepreneurs and come to some interesting conclusions.
The recession has made a deep impression on Generation Y (those age 24-35). The study, first conducted in 2007 examines post-recession opinions and finds that the younger generation’s first economic downturn has made them more risk averse (just 56% say they like taking risks, down from 72% in 2007), while Boomer entrepreneurs’ appetite for risk remained unchanged (54% vs. 53% in 2007).
So there you have it. All of this nonsense of older people being less risk averse is a pile of ***** ****. Dick Stroud