12/02/2021

“Gigs” are becoming lifelines for seniors

Marilyn Kolleth, 74, was happily retired for six years when her condominium’s homeowner’s association imposed a 60 percent boost in monthly fees. While able to afford that hike, the former medical technician began to worry about whether her modest retirement savings would hold up to future cost-of-living increases.

Responding to her concerns, Kolleth’s daughter introduced her to the so-called “gig” economy. Now Kolleth supplements her retirement income with $600 in monthly payments from renting out a spare bedroom through a service called SilverNest

She’s among a small, but rapidly growing, segment of retirees who have embraced web-based platforms, from AirBnb to Lyft, to secure extra income in retirement.

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