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Some say that retirement can be a form of job creation because an idle husband often becomes his wife’s full-time job. But the fact is that retirees create so many new real jobs that it has an exceptionally positive impact on the economy.
More than half of new home grown businesses are owned by Americans over 50 years of age, an important statistic considering the fact that these companies create more than 60% of net new jobs each and every year.
So, it is only appropriate that one of the nation’s leading senior citizen groups, the Association of Mature American Citizens, has started up a new business of its own, AMAC Small Business Solutions. Its aim is to help elderly entrepreneurs from start-up to success and to offer advice, counsel and taxation and regulatory issues.