More and More Boomers Join Freelance Jobs

More and More Boomers Join Freelance Jobs

If you saw a boomer in a co-working space who doing his business with a laptop, just like other Millenials it will be more common in the coming days because more boomers join freelance jobs .  Boomers account for 35% of the gig economy, according to Dow Jones. Boomers may become bored after retirement and seek part-time, flexible work. Gallup research suggests that people between the ages of 62 and 66, when they are more likely to begin receiving social security, are most likely to work part-time or on a temporary basis. 

According to MBO Partners’ study, those who work in the gig economy are generally satisfied. To diversify financial risk, the average independent has four or five clients. And eighty percent of self-employed people say they’re happier.¬†

You may see even more boomers at co-working space or that coffee shop where you still work from time to time in the near future. According to Market Watch, the Department of Labor expects a 75 percent rise in employees 65 and older entering the workforce by 2050.  

more boomers join freelance jobs

According to the United Nations, global life expectancy has increased to 72.6 years. Many people would have several occupations over the course of their lives. During their working years, baby boomers hold around a dozen workers. 

The “side hustle” is still common today, and people over the age of 50 are hustling hard as well. The majority of boomers with side jobs finish more tasks every week than their millennial counterparts.¬†

Why is it that an aging population prefers to work as a freelancer, where on that age supposed to retired and spend days in leisure? 

Here are the reason, according to Digital Information World: 

  • 43%¬† are¬†ready to be their own boss. Freelancing can be tough, but it is liberating to be able to set your own hours, select exciting tasks, and work on a variety of projects with different people. This is the main reason why more boomers join freelance jobs
  • 42 % are pursuing passion. In their 20s and 30s, many people make career decisions based on financial motivations, social pressures, or a lack of career direction and guidance. When you enter the second half of your life, you will decide to do something you’ve always wanted to do but have put off.¬†
  • 15¬†%¬† due¬†to outsourcing and downsizing. Staff authors and editors at traditional and new media have lost their work and are looking to freelancing with a number of sources in the digital world. In reality, due to cutbacks and consolidations, nearly 8,000 media jobs were lost in 2019. Regrettably, many professionals are approaching the end of their careers in the business world.¬†
more boomers join freelance jobs
Boomers are joining Millenials in Gig Economy

Many people want to freelance after working in corporate jobs or having children because it allows them to have more independence and flexibility than they had when they were younger. If they feel need to upgrade their skill nowadays there are some of online courses like on Soho Learning Hub who provides professionals courses program.    

In addition, many baby boomers are debating whether or not to retire and are searching for ways to stay engaged. According to the Economist, ‚Äúthe boomers, in their current guise as the young old (yold), will change the world, as they have done countless times before at various points of their lives, by continuing to work and remaining socially engaged.‚Ä̬†

With the digital boom where one no longer has to go to the office and can do work at home, freelance remote jobs are a new choice for senior citizens to remain productive. Coupled with the existence of freelance platforms such as that makes it easier to find freelance jobs. 

Source : Yahoo Finance ; 

#freelancer #boomer #gigeconomy #millenial #remotejob




About Skyhigh.Vip

Skyhigh.Vip is a global institutional investor with vast interest in Arts / Construction / Education / Business Services / E-Sports and various other growth industries.

Several of its popular portfolio includes GO Chambers which is the world’s largest business chamber listing providers with over 30,000 active chambers as its members.

Flexgigzz is the Asia leading marketplace for freelancer service and together with SOHO Learning Hub which is an online platform for short courses and both of them aims to be the number one provider in Asia. For growth industries such as E-Sport Authority which is dedicated to providing independent media coverage to all E-Sport News related from around the world and for the art world, there is Atelier Auction which is an investable art auctioneer and being in the art scene for decades