Study proves millennials believe in capitalism and the American Dream

On Wednesday, Wells Fargo released a study revealing that millennials plan to leave their businesses to their children.

In March and April, Wells polled 1,000 business owners, both millennials and entrepreneurs 36 years old and above.

“Eighty percent of millennial business owners said they want to develop their businesses over the course of many years, and potentially hand them down to their children someday,” Fortune’s Jeremy Quittner reported. “Surprisingly, only 6 percent of millennial respondents and 9 percent of older respondents said they had either inherited or bought the businesses they now run. Most started their businesses from scratch.”

Though it is widely known that millennials are living through a serious student debt crisis,  averaging more than $25,000 per student, the study revealed they are not afraid to take on additional debt if it means longevity for their businesses.

“Many millennials believe that business debt and financial risk are necessary for the future growth of their businesses,” the study noted.