Lack of jobs and higher tuition fees fuelling surge in young 'Generation Y Not!'
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Lack of jobs and higher university tuition fees have led to a growing number of teenagers and young people aspiring to be their own boss, research by PC World Business published today found.
With A-level and GCSE results recently published and a sixth of young people aged 16–24 years classed as NEET (not in education, employment or training), the study found that nearly half (44%) of young people are looking to set up their own business and are using technology to supercharge their business ideas more than ever before.
44 per cent claimed they could run their whole business using just a laptop and Internet connection leading to PC World Business dubbing them the ‘Generation Y Not!’ entrepreneurs.
Generation Y Not! entrepreneurs
A massive 80% of 16-year-olds have had a business idea for two years or less (some since they were only 14 years old), and with university tuition fees on the rise, they are now ready to set up their firms and become the next Richard Branson.
46 per c...
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