Some older Americans are passing up retirement in favor of starting businesses of their own. In fact, more than 20 percent of new businesses are started by people between the ages of 55 and 64. And one of those businesses is a barbershop in Calumet City, just south of Chicago.
It's called Rich's Den, and it's where retired police officer Richard Piña, 69, starts his day. Even on a snowy morning, business is steady. It's the "old-timers," as Piña calls them, who come in early. They grab a cup of coffee and hang out before going under the clippers. Some of them have known Piña for decades....
...So he kept his options open. He had other businesses all during his police career — other hair salons, a taco stand, a rooming house.
"I don't want to say I was an entrepreneur, but I was a hustler," Piña says.
And when this barbershop came up for sale, he had the money to buy it. It had been a barbershop forever, and Piña didn't change it much.I feel like I always hear about police officers having a side gig (private security, etc.) But I hear much less often about chemists and their side careers towards retirement. Certainly, consulting or other occupations directed towards the chemical enterprise is the most common post-retirement gig. Seems to me that chemistry is a career that, if you make it to retirement, you're not going to have to work as a Walmart greeter. But, these days, I am sure that there's a lot of involuntary service industry work.
So, readers, do your retired colleagues sit and home and read, or are they working? If they work, what do they do?
UPDATE: Clayton Owens points out emeritus professor Al Padwa's retirement gig: