Last year, John Lettieri of the Economic Innovation Group testified before the U.S. Senate that millennials were on track to be the "least entrepreneurial generation" in the past 100 years.
Related: 5 Unique Traits of Millennial Entrepreneurs
Data supports this: The Small Business Administration reported that in 2014, less than 2 percent of millennials described themselves as being unemployed, compared to 7.6 percent of "Gen-X" and 8.3 percent of baby boomers.