Young Employee-Owners Make (and Save) More
New analysis from the NCEO’s ongoing study of government data shows that employee-owners at every level of income stay longer on the job, make higher base pay, and have greater household net worth than similar individuals without ownership.
For example, employee-owners in the middle of the income distribution reported $46,250 in wage income, compared to $38,000 for non-owners. Their net worth was $45,750 compared to $34,400.
These figures are for people in their early 30s, who are the focus of the government’s data. The net worth figures refer to those aged 35 or 36.
Analysis of earlier data, from 2013, showed that early-career employee owners consistently earned more and saved more than non-owning peers. You can read the full report on that study here.