Stuart Lewis, Founder of Rest Less, commented: “The self-employed workforce has gone through a tumultuous couple of years as they first faced the full force of the pandemic shutdown with business drying up overnight for many, as well as sweeping legislation changes around IR35 in April, which brought an end to many previous self-employed contractors providing their services through personal services companies.
“Whilst the number of self-employed workers overall has shrunk by 14% in two years, self-employment remains an attractive option for many workers in their 50s, 60s and beyond, with workers over 50 making up nearly half of the entire self-employed population.
“From our community we see three main drivers behind the popularity of self-employment amongst experienced workers. The first is around the surge in mid-life entrepreneurship and armed with significant business and life experience, the opportunity to head out on their own and build something that excites them is a real draw. Some are attracted by the flexibility that self-employment can offer, as a way of balancing work and home ambitions and restoring a sense of work-life balance after decades of hard work. For others however, it can feel like the only option to earn a living for anyone feeling shut out of the workforce due to age discrimination.”
Case studies available on request.
Notes to Editors
*Rest Less analysed a bespoke data set from the ONS provided in November 2021 and is based on data from the Labour Force Survey July to September period 2011 to 2021
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About Rest Less
Rest Less (restless.co.uk) launched in early 2019 and is a digital community for people in their 50s, 60s and beyond. Rest Less is on a mission to help its members get more out of life and offers content guidance and resources on topics spanning Jobs and Careers, Volunteering, Learning, Money, Health and Lifestyle and Dating.