Are young people really going into entrepreneurship? The author of this article cites some statistics that say no. According to a 2014 study by the Small Business Administration, less than two percent of Millennials were self-employed. This compares with 7.6 percent of Generation X and 8.3 percent of Baby Boomers. Another study, conducted by the Kaufman Foundation, found that those between 20 and 34 years of age accounted for only 22.7 percent of entrepreneurs in 2013, compared to 34.8 percent in 1996.