The Bureau of Labor Statistics (BLS) recently released their findings on the growing number of seniors in the workforce. According to the BLS, 40% of those aged 55 and older were already working or in search of work in 2014. BLS also predicted that between now and 2024, the number of seniors in the workforce between the ages of 65-74 and older would increase. Surprisingly, the number of other age groups is not expected to change.
What Does This Mean?
Well, this change in workforce demographics can be attributed to several causes. For one, the financial stability of retirement has declined in recent years. According to Forbes, 47% of employers did not offer their workers retirement accounts in 2011, which is an increase of about 8% from 1999.
While finances are influencing seniors to continue working, there are other motives as well. For some, having a schedule is enjoyable. Others may be bored without work or want to feel more productive.
What Can I Do?
If you are a senior looking to go back to work or even change careers, then you should begin your job search right away. Perhaps your old job was not flexible enough, so you want to find something you can do from home. On the other hand, you may be looking to get back to a set schedule after being retired for a few years. Whatever you are searching for, there are plenty of options out there. You can start looking right now! Seven great part-time job options are listed below:
Teaching the new generation can be a very fulfilling job. If you want a flexible schedule, you might consider tutoring. There are many online sites for tutoring, such as Care.com. If you are searching for a schedule, though, you may be able to teach at the high school or college level. Teaching is a well-paying option for seniors with a master’s or doctorate.
- Real Estate
Are you a senior looking to start fresh with a new career? Give real estate a try! It is relatively easy to obtain a license, and the work hours are flexible. Since the income is not consistent, this job is ideal for seniors with some retirement income already. However, do not be afraid to jump in regardless of your current income situation.
Sales is an excellent career to enter into later in life. Since you have the time to dedicate yourself to something, you can build a great client base. Plus, you can make your own schedule and decide how much you want to make for your income needs. Look into sales jobs today if this sounds like a good fit for you.
Driving for ride-sharing companies like Uber can be a great way to meet new people and supplement your retirement. You may make much, depending on how often you work, but you could easily bring in a few hundred dollars per month. This option is a great job for a senior looking to save a little extra while staying productive.
Caregiving may be the best fit for you if you are looking to have more fun at work. Whether you choose to care for other seniors or children, there will definitely be games and outings involved. It can be the perfect way to make extra cash while spicing up your retirement life.
- Consulting Services
The great thing about consulting is that almost anyone can do it. Use your previous expertise to help others that are just getting their start. You will have to build your own client base, but you may eventually snag established companies that need a leg up. This is the ideal job for a senior looking to capitalize on the skills they already have and make their own schedule.
You have lived a great life with a ton of experiences and lessons learned. Why not share those? Writing a book, blog, or freelance writing may be the exact career you are looking for. Try signing up for different freelance websites to see if something sparks your interest or simply start a blog. Ad revenue can make you a pretty penny in the long run.
If any of these opportunities spark your interest, begin your search today! If not, do not be afraid to keep researching other opportunities until you find your perfect fit.