"York works as a contract industrial designer consultant in Illinois, but has not received a substantial pay raise since 2000. York, who is unmarried and doesn't have children, now works on her online business selling training videos in hopes of earning enough passive income to work less. If her business fails, she's worried about losing her home. She spends two hours each day looking for work, knowing this year's frozen job market hasn't done her any favors."
"'I can't afford to hire anybody else. I can barely afford myself,' York said. 'We're trying to capitalize on what we know, what we can do, and keep up with our skills as best as we can.' This year, I've spoken to over 250 older Americans, many of whom are still working into their 80s. Most, including those with sufficient savings, expressed anxiety about their financial situations or those of their peers."
Kathleen York, 80, works as a contract industrial designer consultant in Illinois and has not received a substantial pay raise since 2000. She is unmarried and childless and runs an online business selling training videos to generate passive income and reduce paid work. She spends two hours daily searching for jobs and has learned AI and social media marketing to stay relevant. She cannot afford to hire help and fears losing her home if the business fails. Over 250 Americans aged 80+ who still work report widespread anxiety about finances, retirement, healthcare, benefit disruptions, and heightened competition in a weak job market.
Read at Business Insider
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