Call them what you like: Olderpreneurs; Laterpreneurs; Silverpreneurs; or those people over certain ages who have a go! One study in the UK mentioned that olderpreneurs ‘create jobs at a rate more than seven times faster than the UK economic average’.
Creating a product from something you’re passionate about is what many entrepreneurs do. Whether it’s making or baking items, writing or inventing something, there’s a lot we can do with our hobbies in retirement or for a second career.
How can a workaholic retire? Will a workaholic retire? If your work constantly occupies your time and your mind you probably already know that isn’t healthy. But it can be hard to get off the work treadmill. After all, the work must be done. Here are the five things workaholics need to know about life and retirement.
When it comes to retirement, you have almost endless options in front of you. In a sense, it’s as you discard options that you begin to focus on what you will do and who you will be—or become. One of the options could be to continue to work where you are now.
There’s more evidence of growth in the number of those returning to the workforce after retirement. Recent research shows that up to a quarter of retired Britons are ‘unretiring’ (their word) and going back into the workforce.
In their book, Ikigai, Hector Garcia and Francesc Miralles reveal that the Japanese don’t have a word for ‘leaving the workforce for good’ (retirement). In fact, ‘having a purpose for life is so important in Japanese culture that our idea of retirement simply doesn’t exist.’
Lynda Gratton and Andrew Scott don’t call it crazy, but compared to what we have now the retirement they see coming seems at least strange. Gratton and Scott are both professors at the London Business School and, in their book The 100-Year Life, they suggest that we need to prepare for exactly that—a 100-year-long life.
Joe Bartley of Devon (UK) was retired, but found himself ‘dying of boredom’. Aged 89, he had been fine until his wife died a couple of years back. He decided to look for a job.
You often hear statements such as ‘80 is the new 60’; or, ‘60 is the new 40’. But how do these sentiments transfer to the workforce? Not very well it seems.
Almost 20 per cent of over-65s are still working full time or part time in the United States—that’s the highest level for more than 50 years, since 1962. And it’s financially driven, says Jean Setzfand, senior vice-president of AARP, the organisation that did the study.