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Retirees embrace the gig economy
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Retirees embrace the gig economy

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With finite resources in their retirement funds, more seniors in the US are turning to the gig economy to supplement their income.

These inventive new ways of supplementing income include driving for Uber or Lyft, running paid errands or hosting visitors through Airbnb. In fact, seniors are the fastest growing demographic of Airbnb hosts in the United States, according to statistics released by the travel website; and women aged 60 and older are consistently rated the best Airbnb hosts in the United States.

Some Singaporeans, such as this 70 year-old grandmother, are already embracing the idea. And this should be further encouraged. Companies in Singapore should also think harder about redesigning jobs to allow seniors to tap on the gig economy, said Deputy Prime Minister Teo Chee Hean.


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