Baby Boomers are Heading Back to Work:
A new movie about post-retirement work opportunities premieres this month. The Intern stars Robert DeNiro as a retiree who wants to get back to work after realizing that retirement is not all it’s cracked up to be. Indeed, retirement no longer means “not working”. A common scenario for retirees is a foray into moonlighting and contracting as it allows them to maintain flexibility and decide when, where and with whom they will work.
In fact, a new study by the AARP found that more than 1/3 of working Americans age 40-64 expect to work after retirement from their primary career. Among those, 73% will seek work parttime work, and 40% will prefer to work as a contractor or self-employed.
For many, working into the retirement age isn’t a choice, but a necessity. Whether by choice or force, we can expect to see a surge in self-employed individuals as the baby boomer generation gets older and enters this new form of retirement, leaving behind a decades of work in one field and embracing part-time opportunities in other fields.
In the last few months, Moonlighting has seen a 3X increase in users ages 55+. Most of these users are leveraging the Web versus the Mobile at nearly a 3 to 1 ratio. This total contribution added a 26% average monthly increase in Moonlighting posts offered by Boomers as a service or task for a fee.