economy
May 5, 2026
Silver Economy: The New Face of Work
This May 1st, as Labor Day is commemorated, there is a face that rarely enters the conversation: that of thousands of older people who continue to work through informality and entrepreneurship. In Colombia, more than 45% of people over 50 years of age remain professionally active without access to social protection, finding in micro-enterprises a way to sustain their lives and those of their families.
TL;DR
- Over 45% of Colombians over 50 are still working, primarily in informal jobs or micro-enterprises.
- Many older workers lack social protection and pensions, with some earning less than three million pesos monthly.
- Entrepreneurship, like the artisanal chocolate business 'Cacao La Juaca Artesana,' provides income and employment for older adults.
- The 'silver economy' represents an active force with experience and valuable contributions.
- Supporting older entrepreneurs enhances their income, self-esteem, mental health, and sense of purpose.
- Dignifying the 'silver economy' requires tailored financial solutions and programs that address their specific needs and timelines.