Tag Archives: own

By the numbers: Wheels around the world

About one-third of people surveyed in 44 countries reported access to a working car at home. Bikes are more common, according to the Pew Research Center, which said about 42 percent of people in 44 countries possess at least one working bicycle at their residence.

About half of people in the United States said there is a working bicycle at home. But chances are a German garage more likely will contain a bike — eight in 10 Germans possess a bike. Other countries with high rates of bike ownership include:

• Japan, 78 percent

• Thailand, 74 percent

• Poland, 70 percent

• Vietnam, Chile, China and Indonesia, more than 60 percent.

The lowest rates of bike ownership exist in Lebanon at 7 percent and Jordan at 5 percent.

Auto ownership is high in the United States — 88 percent, just a point behind Italy. Across the European Union, the median is 79 percent. Pew documented a wide disparity in auto access in Asia — about 83 percent in South Korea have access to a working auto at home, about 2 percent have access in Vietnam and Bangladesh.

Pew found the possession of a scooter or motorcycle is lowest globally, but high in South and Southeast Asia. More than 80 percent of people in Thailand, Vietnam, Indonesia and Malaysia reported household ownership of a working scooter or motorcycle. About 60 percent in China, 47 percent in India and 43 percent in Pakistan. 

By comparison, about 26 percent reported household ownership of a scooter or motorcycle in Italy, 23 percent in Greece. In the United States, the percentage is at 14, still above France, Poland, Russia, Mexico and Colombia.

Pew identified some interesting statistics related to wealth and income. Wealthier people are far more likely to own a bike than are others in the United States. Not so in other countries, where bike ownership is more even among the income classes. The trend suggests bike ownership in the United States remains more a means of recreation than a mode of transportation.

Millennials desire to own a business, but see less opportunity

More than half of millennials desire to start a business, but fewer are creating new businesses than previous generations did at a similar age, according to a brief from the Center for American Progress.

Generation Progress, the youth advocacy arm of the Center for American Progress, brought together young entrepreneurs from Oakland, California; New York City and Columbus, Ohio and asked them about their experiences, the challenges they have faced and what policies they would recommend to remove the barriers to starting a business.

“Millennials have the drive and desire to start their own businesses, but would-be entrepreneurs are held back by the slow economy, high student-debt levels and a complicated legal and regulatory framework,” said Sarah Ayres Steinberg, a policy analyst at the Center for American Progress and the author of the brief. “In addition, many investors and policymakers hold outdated views about who can be an entrepreneur and what constitutes entrepreneurship.”

Participants in the discussions agreed:

• High levels of student debt are one of the biggest hurdles to starting a business, confirming many experts’ view that today’s record-high student-debt levels are inhibiting entrepreneurship and broader economic growth. “My mom owned her own business for years, and I wanted to follow that path after I graduated,” one participant said. “But after taking on so much student debt, I realized it just wasn’t the right time to take on more debt.”

• Many organizations — from government agencies, to chambers of commerce, to business schools — often lack a strategic plan to support entrepreneurship that is both informed by business owners and effectively advertised to businesses.

• Traditional organizations designed to support entrepreneurs failed to understand mission-driven businesses.

• A strong and diverse entrepreneurial community was an important factor in where millennial entrepreneurs decided to locate their businesses.

To increase entrepreneurship among millennials, the issue brief recommends expanding access to early and fast capital, creating tools to navigate entrepreneurship’s legal and regulatory framework, developing mentorship communities, and allowing student borrowers to refinance their loans to a lower interest rate.

No Trump

Rosie O’Donnell announced April 27 that she would not live in a Trump property while staying in Chicago to tape her upcoming talk show for the OWN network. O’Donnell had previously told Howard Stern that she planned to say in a Trump high-rise on the Chicago River, a statement that drew criticism from LGBT activists because of Trump’s opposition to marriage equality. The Gay & Lesbian Alliance Against Defamation praised O’Donnell’s change of heart.