How Baby Boomers Are Earning an Extra $573 a Month

How Baby Boomers Are Earning an Extra $573 a Month
Photo by mostcome124 / Shutterstock.com

Baby boomers across the nation are earning hundreds of extra dollars a month working for one gig-economy platform. And so can you.

Wonolo — which describes itself as an on-demand staffing marketplace that “connects businesses which have temporary staffing needs (Requestors) with workers who can meet those needs (Wonoloers)” — says the average boomer who uses the site makes $573.55 a month supplementing existing income.

That beats members of Generation X ($501.02), millennials ($454.35) and Generation Z ($342.48).

A.J. Brustein, co-founder and chief operating officer of Wonolo, explains in a blog post:

“Baby Boomers — folks currently aged 55-73 — have quietly become the winners of the gig game. Some might be retired and picking up gigs for fun or a little extra cash, and others are still working other jobs in their spare time and choose flexible gig work to supplement their income.”

Nearly one-third of boomers on Wonolo work more than three gigs a week. And companies love the work boomers are doing.

Brustein says businesses give boomers the highest rating as workers — an average of 4.86 stars out of 5. That ties them with Generation X workers, and puts them ahead of millennials (4.82 stars).

The types of jobs most likely to be filled by boomer Wonoloers include:

  • Fulfillment/warehousing
  • General labor
  • Administrative gigs

How you can earn more, too

Joining Wonolo is just one way to earn more cash if you are a boomer — or anyone else.

There are numerous other platforms through which you can find gig work, such as FlexJobs and Fiverr. Some will likely suit you better than others, as there are more ways than ever to bring in extra money.

For example, you can get paid to:

We also round up a slew of additional ways to stash more cash — from renting out a room to raking in money via peer-to-peer lending — in “12 Ways Retirees Can Make Money Without Un-Retiring.”

Finally, check out ways to earn money remotely in “13 Real Ways to Make Money Without Leaving Home.”

What is your favorite way to earn more cash on the side? Share your tips in comments below or on our Facebook page.

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Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click links within our stories.

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