More and More Boomers Are Entering The Freelance Industry

PennyGem’s Elizabeth Keatinge tells us about the latest wave of freelancers.

Transcript

00:00 Hey Boomer, is that you I saw at WeWork the other day?

00:06 Just maybe.

00:07 According to Dow Jones, boomers make up 35% of the gig economy.

00:11 Boomers may find themselves retired and bored and want part-time flexible work.

00:15 Recent data from Gallup shows that those between ages 62 to 66, the years when people are most

00:20 likely to start collecting Social Security, are most likely to take on a part-time or

00:25 temporary position.

00:26 Research from MBO Partners shows that those working in a gig economy are pretty happy.

00:31 The average independent has four or more clients to diversify financial risk, and 80% of independent

00:37 workers say they're happier.

00:39 You may soon see even more boomers at WeWork or that coffee shop where you also sometimes

00:44 work.

00:45 As MarketWatch highlights, the Department of Labor says that by 2050, we will see a

00:48 75% increase in workers 65 years and older joining the workforce.

00:53 [MUSIC PLAYING]