• Marketplace
  • Resources
  • Business Directory
  • Events
  • Advertise
  • Brand Pulse
  • Publish a Press Release
  • Get the Newsletter
  • Contact
  • About Us
The FUTURE OF WORK® since 2003
Allwork.Space
No Result
View All Result
Subscribe
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
No Result
View All Result
Subscribe
Allwork.Space
No Result
View All Result
Advertisements
Nexudus - Tech Stack Lovers
Home News

Financial Pressures Drive Baby Boomers to Embrace Polyworking

Baby boomers are increasingly taking on multiple jobs to cope with rising financial pressures — more so than Gen Z.

Emma AscottbyEmma Ascott
October 8, 2024
in News
Reading Time: 2 mins read
A A
Financial Pressures Drive Baby Boomers to Embrace Polyworking

Research from Startfleet reveals that over 1.3 million.Americans aged 55 to 64 are managing multiple jobs — a huge increase as financial pressures mount

More stories for you

Could Rural America Be The Heart Of Innovation In The Future Of Work

Could Rural America Be The Heart Of Innovation In The Future Of Work?

10 hours ago
Subtle Workplace Behaviors Like Sighing Now Recognized As Disability Discrimination In Landmark U.K. Ruling

Subtle Workplace Behaviors Like Sighing Now Recognized As Disability Discrimination In Landmark U.K. Ruling

19 hours ago
U.K. Employer Pay Rises Stuck At 3%

U.K. Employer Pay Rises Stuck At 3%

19 hours ago
Gen Z Workers Are Turning To ChatGPT For Help, Support, And Even Friendship At Work

Gen Z Workers Are Turning To ChatGPT For Help, Support, And Even Friendship At Work

20 hours ago

In a surprising turn, baby boomers are now the generation most likely to hold multiple jobs — mirroring the polywork trend initially popularized by Gen Z during the pandemic. 

Research from Startfleet reveals that over 1.3 million Americans aged 55 to 64 are managing multiple jobs — a huge increase as financial pressures mount.

Advertisements
Maximize Flexible Space Revenue

Historically, baby boomers relied on stable jobs and familial support in retirement, but rising living costs have changed the landscape. Lewis Maleh, CEO of Bentley Lewis, notes that many are now compelled to work additional jobs simply to make ends meet, as the traditional notion of retirement feels increasingly unattainable, according to Fortune. 

With wages failing to keep pace with inflation, many boomers are finding it necessary to supplement their incomes. Euan Cameron, CEO of Willo, explains that some older workers are adapting to late-career redundancies by seeking multiple streams of income, often working from home to save time and increase earnings.

Advertisements
Nexudus - Tech Stack Lovers

Senior employees are not only extending their careers but also redefining what it means to work in their later years. It seems these individuals are looking to “bullet-proof” their retirement plans by enhancing their financial stability.

Interestingly, Gen Z remains the second most likely demographic to engage in polyworking, with about 700,000 young people balancing multiple jobs. However, the scale of boomers participating in this trend demonstrates the broader economic pressures facing older workers. 

Financial necessity drives baby boomers to pursue multiple job opportunities, which emphasizes the need for supportive policies that accommodate the diverse needs of an aging workforce grappling with economic challenges.

Advertisements
Subscribe to the Future of Work Newsletter
Source: Fortune
Tags: North AmericaWorkforce
Share12Tweet7Share2
Emma Ascott

Emma Ascott

Emma Ascott is a contributing writer for Allwork.Space based in Phoenix, Arizona. She graduated from Walter Cronkite at Arizona State University with a bachelor’s degree in journalism and mass communication in 2021. Emma has written about a multitude of topics, such as the future of work, politics, social justice, money, tech, government meetings, breaking news and healthcare.

Other Stories Recommended For You

Could Rural America Be The Heart Of Innovation In The Future Of Work
Workforce

Could Rural America Be The Heart Of Innovation In The Future Of Work?

byBill Mennerand2 others
10 hours ago

Rural workers are ambitious but face major barriers to opportunity, tools, and digital access.

Read more
Subtle Workplace Behaviors Like Sighing Now Recognized As Disability Discrimination In Landmark U.K. Ruling

Subtle Workplace Behaviors Like Sighing Now Recognized As Disability Discrimination In Landmark U.K. Ruling

19 hours ago
U.K. Employer Pay Rises Stuck At 3%

U.K. Employer Pay Rises Stuck At 3%

19 hours ago
Gen Z Workers Are Turning To ChatGPT For Help, Support, And Even Friendship At Work

Gen Z Workers Are Turning To ChatGPT For Help, Support, And Even Friendship At Work

20 hours ago
Advertisements
Maximize Flexible Space Revenue
Advertisements
Nexudus - Tech Stack Lovers

Unlock your competitive edge in tomorrow's workplace.

Join a community of forward-thinking professionals who get exclusive access to the latest news, trends, and innovations that are shaping the future of work.

©2024 Allwork.Space News Corporation. All Rights Reserved.

Exploring the Future Of Work® since 2003.

Advertise   Newsletters   Privacy Policy   Terms Of Use   About Us   Contact   Submit a Press Release   Brand Pulse   Podcast   Events   

No Result
View All Result
  • Home
  • Latest News
  • Topics
    • Business
    • Leadership
    • Work-life
    • Workforce
    • Career Growth
    • Design
    • Tech
    • Coworking
    • Marketing
    • CRE
  • Podcast
  • Events
  • About Us
  • Solutions
    • Advertise | Media Kit
    • Publish a Press Release
    • Brand Pulse
Subscribe

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00