Is Entrepreneurship Worth It? Does Higher Salary Increase Homeownership?

Data Shows that Age Groups with the Highest Level of Entrepreneurship Don't Always Have the Most Money

It's a widespread assumption entrepreneurs tend to have a higher net worth than the average person; however, this isn't true when analyzing different age groups. On the other hand, it bodes true for homeowners as higher homeownership equals higher net worth but not a larger salary.

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Benzinga

Aug 16, 2021, 11:00 ET

DETROIT, Aug. 16, 2021 /PRNewswire/ -- Benzinga, a fintech media company providing news and data to retail investors and business lovers, publishes its latest data study: Which Age Group Has the Most Entrepreneurs, Net Worth, and More

Over the past year, the labor market as well as the housing market have experienced more change in the past year than Detroit sports in the last decade. Though jobs and homeownership fell at the initial stage of the COVID-19 pandemic, they have both recovered so far in 2021, so this report looks at whether age groups with higher homeownership have higher salaries as well.

Now - switching gears - there've been more and more entrepreneurs annually over the past decade, and according to today's society, the age group with the highest increase in entrepreneurship should also have the greatest change in net worth. This is not true.

The last decade and past year show that everything is not what society deems it to be. While net worth is related to homeownership, the same isn't true for entrepreneurship. Check out the data study to see which factors are related, and which ones aren't.

Benzinga regularly conducts data studies and publishes its findings. Read Benzinga Reports: Are the Stock Market and Economy Truly Related? for more data like this.

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SOURCE Benzinga