With inflation and the cost of living on the rise, older workers are increasingly looking to the gig economy to keep afloat, according to data released by the AARP.
Personal finance expert Dan Roccato discusses some of the key contributors for Americans’ 401 balances plunging by 23 percent in 2022 on ‘Cavuto: Coast to Coast.’
Rising prices are taking a bite out of Americans' budgets and market volatility is hammering their portfolios, leading many to reassess theirA majority now plan to remain in the workforce longer than they originally planned or have abandoned the idea of leaving it altogether. But with the added threat of further layoffs, older Americans are increasingly looking to gig work to make ends meet, according to new data from AARP.
weighing on people’s minds, many older adults are choosing to delay retirement," says Carly Roszkowski, vice president of financial resilience programming at AARP. A recent survey the organization conducted shows that of adults who are still working, more than half expect either to work in retirement or to never retire.The organization's latest study of workers age 40 and older found more than a quarter are now doing freelance or gig work.
Recent AARP data shows a majority of U.S. workers have either delayed their retirement plans or say they will never retire.
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