Nearly 7 in 10 workers expect working for pay to be a source of retirement income —68% expect this to be at least a minor source of income in retirement, compared with 23% of retirees who report this as an actual source of retirement income.
“Encore Fellowships were created as a way to re-engage adults who had retired or been displaced from their previous jobs, providing them with a way to use their experience and earn a modest income while giving back,” said Jim Emerman, Encore’s vice president and national director of Encore Fellowships.
Women start to show visible signs of aging as they approach fifty, sixty and beyond, they’re viewed through another lens, which is ageism, and because of the emphasis on looks or ‘lookism.’ We face both gender bias and ageism, and we do that earlier than men.
And I had this aha moment — it was women over 50 saying they wanted to do their own thing. They wanted to live their own life. They were feeling invisible, instead of invincible.
“Small-business owners and even those with a side gig may benefit from a small-business credit card,” says Gerri Detweiler, education director for Nav, which supplies free credit research and tools for small-business owners. “It can help them keep track of spending and make tax-time easier.” And, Detweiler added, the cards often offer lucrative rewards.
“As an entrepreneur, your most valuable resources are your time and attention. It’s best to save your time and attention for activities that are really central to your value proposition,” says Daniel Forbes, an associate professor at the Carlson School of Management University of Minnesota
“An intergenerational team brings more diversity in thoughts and strengths that can help a small business reach a larger audience more effectively,” says Kimberly A. Eddleston, a Northeastern University entrepreneurship professor and a senior editor on the EIX Editorial Board of the Schulze School of Entrepreneurship at the University of St. Thomas in Minneapolis.
In January 2021, 275,000 women dropped out of the labor force, amounting to roughly 80% of all workers over the age 20 who exited the workforce last month. The total number of women who have exited the labor force since February 2020 comes to more than 2.3 million. By comparison, nearly 1.8 million men have left the labor force during this same time frame.
“In the initial stages of entrepreneurship, it’s imperative [to have a support group] because that’s a period full of unknowns, self-doubt and in many unfortunate cases, loneliness,” Nathalie Molina Niño, author of “Leapfrog: The New Revolution for Women Entrepreneurs” and chief executive of O³, a privately held investment company, told me.