[quote bearishgurl]Instead, they use the currently unemployed and underemployed “over 55 group” to work as part-part-timers and “consultants” (who receive Form 1099 instead of a W-2 form for the tax year). The over-55 “consultant” or “contract worker” needs 3-4 regular gigs to “eek out a living” from their home offices.[/quote]Speak for yourself… I think it depends upon the need for the consultant. Some are doing quite well. Others…? The other thing is that as a consultant working out of home, you can deduct a lot. This is also speaking from experience. I was an ‘older’ person laid off in 2008.. currently working as a consultant.
