NOTE: Please note that the conference call number for the audio of the presentation has changed to 515 – 604-9000 Access Code: 265491.
FOR IMMEDIATE RELEASE
August 25, 2016
CONTACT:
Nina Smith, nina.smith@younginvincibles.org, 301-717-9006
MEDIA ADVISORY: Young Invincibles to Unveil New Analysis of Student Debt and Entrepreneurship
WASHINGTON, D.C. — Next week Tuesday, August 30, 2016 at 9:30 a.m. ET, Young Invincibles, the nation’s leading research and advocacy non-profit dedicated to economic opportunity and security for young adults, will host a briefing detailing findings in a new report, called At the Extremes: Student Debt & Entrepreneurship. The report profiles college-educated entrepreneurs by socio-economic background, race and ethnicity, post-college earnings, and student debt. Leveraging untapped Dept. of Education survey data, the report explores the potential influence of student debt on young entrepreneurs.
A majority (51 percent) of Millennials currently own or are interested in owning a business, and yet, over the past two decades, young adults have fallen from the largest cohort of new entrepreneurs, to the smallest. With our nation’s student debt at a record high of 1.3 trillion dollars, the report finds that higher student loan debt corresponds with lower rates of young adult entrepreneurship. This trend reverses for borrowers with the highest debt loads, suggesting the relationship is more complicated than previously thought.The briefing will occur at the Young Invincible offices, in which the author will walk through the findings, answer questions and share the first copies of the report.
Attendees, and those viewing remotely, will also have the opportunity to hear from two young entrepreneurs who will share their entrepreneurial stories and the role student debt has or hasn’t played along the way. Rahama Wright will attend the event in person. She is founder of Shea Yeleen, a social enterprise empowering women in Northern Ghana through the sale of shea butter beauty products distributed across the world. Joining the event by phone will be Trevor Witt of Kansas, founder of Witt Tech LLC, a FAA-approved company providing quality aerial photography to meet the needs of individuals and businesses.
NOTE: Media can attend the event in person at Young Invincibles’ offices. If interested, please contact Nina Smith at Nina.Smith@younginvincibles.org. Media can also view the briefing via livestream on YI’s webinar portal linked here: http://bit.ly/2bZkQhB. NOTE: Please note that the conference call number for the audio of the presentation has changed to 515-604-9000 Access Code: 265491.
WHO: Young Invincibles
WHAT: Briefing on findings from new report At the Extremes: Student Debt & Entrepreneurship, provide characteristics of modern day entrepreneurship and the impact of student debt on the self-employed.
WHEN: Tuesday, August 30, 2016, 9:30 a.m. ET
WEBINAR Link: http://bit.ly/2bZkQhB
DIAL-IN (PLEASE NOTE NUMBER CHANGE): 515 – 604-9000 Access Code: 265491.
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