More seniors become entrepreneurs

Economic volatility and more boomer retirees has led to a surge of senior-run businesses in the USA.

This inspiring article from BusinessWeek quotes data from the AARP Public Policy Institute, saying that in 2008, 21% of the self-employed are between 55 and 64, while 10% were 65 and older.

Five years ago, Boston’s Putnam Research reported that some 7 million previously retired Americans had returned to work. Similarly, a 2005 study by the Center on Aging & Work/Workplace Flexibility at Boston College found that workers 50 and older are more likely than younger folks to own their own businesses.