What It Means to Be a Senior in the Gig Economy 

Uber driver

 

From the Wall Street Journal, Eric Morath shares the results of an analysis by JPMorgan on seniors in the gig economy.  Eric writes:

Miss Daisy could be your next Uber driver.

More than 400,000 Americans ages 65 and older earn income from digital platforms such as Uber and Airbnb. and those seniors are more reliant on such gigs than their younger peers, according to a new report from the JPMorgan Chase Institute.

The report, which uses anonymized data from millions of JPMorgan Chase customers, found that just less than 1% of those older than 65 used apps and other online platforms to earn income during the year ended in September 2015. That’s a smaller share than the 3.1% of the general population earning at least a portion of their income from what’s often called the gig economy.

But seniors who do participate count on the earnings for a larger share of their total income.

Read the full story at What It Means to Be a Senior in the Gig Economy – Real Time Economics – WSJ

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.