Olderpreneurs

23% of people starting a business are over the age of 55 and the term "olderpreneur" has been coined to describe them. Many are being forced into this option due to redundancy however there are some positive benefits of this key life change, not least the liberation of being able to make your own decisions.Luke Johnson, Chairman of the Royal College of Arts said last year that "Sustainable self employment can offer financial and social fulfilment. Not only can working for yourself bring material rewards, it is a great way to meet people and stay in touch with people from all generations- as customers, partners, suppliers or perhaps staff".

The case for older people continuing work in some form or other is also backed up by PRIME's Chief Executive Laurie South who states that "research shows that cross-generational companies seem to do better".

Working is not just about generating income but about social connectedness with other generations. Maybe if more and more people of us have to continue working as we get older we will have the added benefit of lower levels of social isolation and better inter-generational understanding.