More Americans are starting businesses later in life. Almost one-quarter (23.6%) of new businesses were started by entrepreneurs ages 55-64 in 2013, an increase from 14% in 1996. This is the latest data from the Kauffman Index of Entrepreneurial Activity. For many of these older Americans, it is a way to strengthen their financial security and a way to stay active and employed. A survey conducted by the Employee Benefit Research Institute finds 65% of boomer plan to work in retirement. Reason cited for continuation in the workplace include: need/want income (62%), stay involved (18%) , and really like what they do (16%).