Baby boomers plump up nest eggs with sharing economy income
According to the RateSetter survey of over 1,000 Australians on sharing habits, 68% want to take part in the disruptive economy soon.
Right now, baby boomers are making extra money in the sharing economy by...
- Selling things online
- Renting out spare rooms
- Driving people around
- Investing in peer-to-peer lending
If you’re looking for a new place to store some extra income, consider a term deposit product. Many use this investing method right before retiring. The pros of term deposits is that they are low risk and have nice short-term gains. For instance, take the Citibank term deposit product with the highest current rate on our database of 3.20% for 6 month terms. If you deposited $15k into one, by January you’d have an extra $240. Want to try a term deposit calculation of your own? Use this nifty tool here.