PennyGem’s Elizabeth Keatinge tells us about the latest wave of freelancers.
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00:00Hey Boomer, is that you I saw at WeWork the other day?
00:06Just maybe.
00:07According to Dow Jones, boomers make up 35% of the gig economy.
00:11Boomers may find themselves retired and bored and want part-time flexible work.
00:15Recent data from Gallup shows that those between ages 62 to 66, the years when people are most
00:20likely to start collecting Social Security, are most likely to take on a part-time or
00:25temporary position.
00:26Research from MBO Partners shows that those working in a gig economy are pretty happy.
00:31The average independent has four or more clients to diversify financial risk, and 80% of independent
00:37workers say they're happier.
00:39You may soon see even more boomers at WeWork or that coffee shop where you also sometimes
00:44work.
00:45As MarketWatch highlights, the Department of Labor says that by 2050 we will see a 75%
00:50increase in workers 65 years and older joining the workforce.