Entrepreneurship: Not Just for the Young

Older or should I say “experienced” adults are experimenting with different ways to stay attached to the economy, including self-employment, entrepreneurship, full-time jobs, part-time work, flexible employment and encore careers. According to the U.S Bureau of Labor Statistics, between 1995 and 2016, the share of men ages 65 to 69 in the labor force rose from 28 percent to 38 percent; for women, it went from 18 percent to 30 percent. Also, the statistics show that the self-employment rate among workers 65 and older was the highest of any age group.

The attached column is adapted from the first chapter of Chris Farrell’s book Purpose and a Paycheck: Finding Meaning, Money, and Happiness in the Second Half of Life. Click here to read his column.

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