Small Business Owners Getting Older and Not Planning to Fully Retire
Small Business Labs
AUGUST 22, 2017
According to Barlow Research, the average U.S. small business owner is 60.3 year old. As the Barlow chart below shows (click to enlarge), 57% of small business owners are over the age 60, up from just 38% a decade ago. Barlow defines small businesses as those with revenues between $100,000 and $10 million. This range includes the vast majority of U.S. employer small businesses.
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