According to the American Enterprise Institute's (AEI) The age re-retirement: Retirees and the Gig Economy, 20% of retired Americans also work in the gig economy.
The article lists the usual financial reasons for working in retirement.
But more interesting is their description of some of the non-financial reasons.
Key quote:
Ninety-six percent of over-65 workers reported that an enjoyable job is essential or important to living a fulfilling life. Another 54 percent of this group feel that their job is part of their identity.
So the gig economy may prove irresistible, as it permits “retirees” to earn part-time while enjoying the social and psychological benefits of work without the more limiting aspects of a full-time job.
We've long covered the changing nature of retirement and the reasons why it's happening.
In fact, we covered it so often we wrote back in 2013 that we were tired of the topic.
But we've continue to cover it in detail (see our Baby Boomer section) because the trend towards working later in life is an important social and economic trend.
And, the growing number of retirement age seniors gig workers is one of the drivers of the growth of the gig economy.
