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