According to the third-quarter Kauffman/LegalZoom Startup Confidence Index, released today by the Ewing Marion Kauffman Foundation and LegalZoom, expectations for the U.S. economy declined overall, but there is a significant optimism gap between older entrepreneurs and those between the ages of 18 and 40.
Almost 40 percent of startup owners now believe the economy will deteriorate over the next 12 months, an increase from 36 percent in the second-quarter survey and 31 percent in the first-quarter survey. Entrepreneurs who were somewhat confident in future profitability fell from 43 percent in second quarter to 40 percent in the third-quarter survey, and those who lacked confidence in improved profitability edged up from 18 percent to 21 percent.
However, 98 percent of the 18- to 30-year-olds and 83 percent of the 31- to 40-year-olds are confident or very confident that their businesses will realize greater profitability in the next 12 months.
To read the full, original article click on this link: Entrepreneurs’ Economic Confidence Slipping, Third-Quarter Kauffman/LegalZoom Startup Confidence Index Shows
