Entrepreneurship takes a big jump at age 65. Guess Why?

[MineralMan]

23. Health insurance is one reason, for sure.

Another is the steady income from Social Security. That allows many people who are aged 65 and up to start a small business without the constant worry of basic survival income every month. Especially at the initial launching of a small business, it can be hard to pay yourself. That Social Security deposit every month helps. Finally, with jobs for older people being very, very hard to come by, many seniors start businesses so they'll have work, since Social Security isn't enough to live on in most cases, and since a small business doesn't have to be very large to provide the additional income.

I'm 67. I'm back in the workforce, but with a new small business. I've always worked for myself, but Social Security isn't enough income. So, I fired up a new small business to fill the gap. Works great, and I'm still working for myself. The Medicare deal is great, too. Before I turned 65, my health insurance premium was almost $1000/month. Now, it's lots less.