May 30, 2024
Nearly a third of retirees in the US said they are considering temporary work, according to a survey by Indeed Flex. The rising cost of living is the driving force behind the move.
The survey reveals that a third of retirees are considering one to three shifts of temporary work per week. Additionally, 42% of working seniors who have never retired are considering adding temporary work.
Of those considering temporary work, 71.6% cited the cost of living as the driving factor.
The temporary staffing platform also reported a 70% jump in its active user base for job seekers over age 62 last month, compared to active accounts from January 2024.
“Temporary employment can serve as a sustainable and long-term source of extra income,” Novo Constare, co-founder and CEO of Indeed Flex, said in a press release. “The face of the temporary worker continues to evolve as a more diverse mix of people takes on temporary work.”
Additional findings from the survey reveal that experts predict inflation to exceed the Fed’s 2% target through 2024, according to S&P Global Ratings’ Q2 Economic Outlook report. Combined with the US employment summary showing fewer jobs added in April, flexible work unlocks endless opportunities.
Indeed Flex surveyed 1,000 US seniors between the ages of 62 to 85 in May 2024.
– Sanestina Hunter