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The US senior society, 'Liquidity Retirement' is spreading.

Translated from Korean Read in Korean

The recent trend of "flexible retirement" in the United States is increasingly popular among senior citizens. This concept differs from the traditional binary path of continuing to work 40 hours a week after retirement or leaving the labor market entirely. Many individuals prefer this flexible lifestyle, as it allows them to maintain a more relaxed life even with a lower income.

One of the areas where flexible retirement is thriving is the part-time executive market. Companies favor this model during uncertain economic times, as it reduces the significant fixed costs associated with hiring senior executives while allowing them to benefit from the expertise of experienced professionals. The widespread adoption of generative artificial intelligence (AI) tools further supports this trend, enabling older professionals to focus on strategic decision-making and key advisory roles, free from the burdens of complex digital administrative tasks such as data sorting and document writing.

This shift is evident in job profiles listed on platforms like LinkedIn, with a notable increase in "split consulting" profiles. In the consulting market, platforms like Catalan and Business Talent Group (BTG) have seen a surge in demand for such "occasional consulting" arrangements, which involve participating in month-long projects and working with multiple small to medium-sized or startup companies.

Major corporations such as Boeing and IBM are also adopting a "staggered retirement" program to prevent the loss of accumulated knowledge when veterans retire. This involves senior employees working part-time, typically two to three days a week, while mentoring younger staff and transferring their knowledge.

Additionally, programs in collaboration with the U.S. Small Business Administration are on the rise, offering free or low-cost support to young entrepreneurs and small business owners. These programs enable senior professionals to share their business experience with startups and small enterprises. Experts predict that flexible retirement will not only become a short-term trend but also establish itself as a new standard in future labor markets.

This is due to the balance it strikes between providing individuals with a source of income and allowing them to redefine their identity and role, and meeting the needs of a generation seeking to break free from the constraints of traditional employment and reclaim control over their lives through professional evolution.

Written by urgent.news from Hankyoreh's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at hani.co.kr →

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