- 27% of students in grades nine to 12 plan to start a business
- Down from 33% to 35% in prior years
- Ambition remains higher among students in grades five to eight (55%)
WASHINGTON, D.C. -- While entrepreneurial ambition remains steady among U.S. students overall, high school students' intentions to start their own business are at the lowest level in five years, according to the latest Gallup-HOPE Index report. More than one in four students in grades nine to 12 (27%) say they plan to start a business, down from the 33% to 35% range found among this group from 2011 to 2015. In contrast, a majority of students in grades five to eight (55%) say they plan to start their own business.
There has been a gap in entrepreneurial ambition between these two student groups since the index began in 2011. While half or more students in grades five to eight have consistently expressed intent to start a business, students in later grades have lagged behind. The Gallup-HOPE Index's latest figures reveal the largest gap in entrepreneurial ambitions between these two groups since 2011.
The ongoing gap between the two student groups suggests that dreams of starting a business decline in high school for many students. This could reflect that students' goals change as they age, or perhaps some students become less interested in entrepreneurship as they become more familiar with it.
Despite lower entrepreneurial intent, high school students (60%) are more than twice as likely as fifth- to eighth-grade students (27%) to say their school offers classes in how to start and run a business.
|Grades 5-8||Grades 9-12|
|GALLUP-HOPE INDEX, Sept. 12-Nov. 7, 2016|
The majority of students in grades five to eight have intentions of starting their own business, but few have access to classes on how to achieve this goal later in their lives. Meanwhile, their older peers in high school lack entrepreneurial ambition, despite increased availability of classes on the subject. This could suggest that as children get older -- and perhaps have a better sense of what kind of work they want to do and the work involved in that role -- they find the idea of being a business owner less appealing.
Schools with fifth- to eighth-grade students could harness their students' budding entrepreneurial inclinations by providing more opportunities to teach them how to turn their ambitions into reality later in life. It is possible that expanding the availability of these learning opportunities at an earlier age will help young aspiring entrepreneurs maintain focus on their business dreams as they get to high school and beyond. High schools can also use entrepreneurial learning offerings as a key strategy to enhance learning skills for students.
To address the slowdown in U.S. GDP growth, business and education leaders will need to find a way to give the next generation of entrepreneurs the tools they need to keep their ambitions alive.
To learn more about the entrepreneurial aspirations and energy of U.S. students, read The 2016 Gallup-HOPE Index report.
The 2016 Gallup-HOPE Index findings are based on results from a nationally representative telephone survey of 1,006 U.S. students in grades five through 12. Telephone interviews were conducted from Sept. 12-Nov. 7, 2016. The sampling frame of this study came from the Gallup Daily tracking survey. The frame included respondents who had consented to be recontacted and indicated that they had children younger than 18. These respondents were recontacted and screened for school-aged children in grades five through 12 in the household. Permissions were then requested from qualified parents or guardians for their students in grades five through 12 to participate in the Operation HOPE survey. The frame was stratified by race/ethnicity, education and household income, and proportionate selection was used.
For results based on the total sample of students in grades five through 12 (n=1,006), the margin of sampling error is ±3.1 percentage points at the 95% confidence level. In addition to sampling error, question wording and practical difficulties in conducting surveys can introduce error or bias into the findings of public opinion polls.
Learn more about how the Gallup-HOPE Index works.