Self-Employed Over-60s: Record Levels of Entrepreneurship as Retirement Approaches
Sunday, 25 August 2024, 17:59
Understanding the Rise of Self-Employment Among Over-60s
More than 900,000 individuals aged over 60 are now self-employed. This trend showcases a significant shift in the working patterns of older individuals, who are increasingly choosing flexibility and entrepreneurship over traditional retirement.
Reasons for the Shift
- Desire for greater control over one’s work-life balance
- Opportunity to pursue passions and interests
- Financial necessity and economic factors influencing retirement savings
Strategies for Aspiring Entrepreneurs
- Identify and leverage personal skills and experiences
- Establish a clear business plan with achievable goals
- Utilize available resources and networks for support
As this trend continues, the implications for both the workforce and the economy will be significant.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.