Entrepreneurs can make up to 70% more than paid employees per year, but there's high inequality among the self-employed

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Striking out on your own can result in much more income than holding a steady job with steady pay, but many entrepreneurs won’t enjoy that premium, according to a recent study from the Federal Reserve Bank of Minneapolis.

In an analysis of tax and income data from 2000 to 2015, the study found the average entrepreneur made $27,000 annually (in 2012 dollars) at age 25—slightly less than the $29,000 for a paid employee at the same age.