A terrible myth is surrounding millennials and entrepreneurship | Business Insider
The author correlates "oligopoly" with rising college debt.
I tend to agree; risk has a price (like everything else) and if someone is already in debt, it's hard for them to justify adding more on top of that pile without reward.
It's a vicious cycle: debt inhibits growth and inhibited growth increases debt.
tl;dr ...
The share of people under 30 who own a business [...] is now at a quarter-century low
The average age for a successful startup-founder is about 40 years old
Young people’s appetite for risk-taking has declined at the same time that their student debt has grown
A handful of large firms dominate each sector of the U.S. economy
Even in tech, the sector synonymous with innovation, the frontier is closing