Instead of droning on about how the majority of retirees don’t have enough savings and telling you the numbers, let’s talk about how you can supplement your income like a millennial! Millennials, you love them, you hate them, you have one or many in your life, and interestingly enough, they have actually paved the way for retirees to make extra money without having to pick up a traditional part-time job.
According to Experian, over 50% of millennials have a side gig. If you read our last blog, The $1,000,000,000,000 Generation, you’ll recall that millennials are actually a fairly conservative group in that they like to save money, and we have also talked about how many of them want to retire early in a previous blog, New Millennial Retirement Method. It is no surprise that, since this age group is strapped with debt while wanting to save and retire early, they came up with a method to get extra cash: side hustles, aka, side gigs.