Baby boomers fueling wave of entrepreneurship
ARLINGTON HEIGHTS, Ill. (AP) — Every passing month and unanswered resume dimmed Jim Glay’s optimism more. So with no job in sight, he joined a growing number of older people and created his own.
In a mix of boomer individualism and economic necessity, older Americans have fueled a wave of entrepreneurship. The result is a slew of enterprises such as Crash Boom Bam, the vintage drum company that 64-year-old Glay began running from a spare bedroom in his apartment in 2009.
The business hasn’t made him rich, but Glay credits it with keeping him afloat when no one would hire him.
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