Miscellaneous
Most small-business owners lack a succession plan
Data from the U.S. Census Bureau show that just over half (52.3%) of U.S. employer-businesses are owned by people who are at or near retirement age, those 55 and older. These firms represent 3 million of the nearly 6 million private-sector employer firms operating in the United States, and the owners have higher levels of income, wealth and wellbeing than other adults, according to previous Gallup research, which compared employers to owners who do not have employees and individuals who are not business owners.
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