What Should Active Adults Know About Returnships?


Active adults who have been out of the workforce for a few years may miss their careers or yearn to contribute their skills and knowledge. Returnships are a way for experienced professionals to transition back to the workforce for a short time. Although most are designed to last a few weeks or months like a traditional internship, returnships allow those 55 and better to ease back into the working world and make a significant contribution. 

Why Returnships Are Booming Now

In a labor market where employers are struggling to find high-quality talent, those aged 55 and better have many exciting opportunities to head back to work—if even for a short while. Returnships allow active adults to dip a toe back into employment without re-launching a full-scale career.

Just two decades ago less than a third of people age 55 and better were employed or seeking work. Today the share is 40 percent, according to the St. Louis Federal Reserve. 

The unemployment rate for those 55 and older is less than four percent, according to the Bureau of Labor Statistics. It’s lower than the unemployment rate for the entire United States population and more than 14 percent unemployment rate for teens.

Returnships are becoming so popular because many active adults still desire to work. Many are putting off retirement and working into their later years. They’re either not quite ready for full-time retirement, or they’re eager to earn additional funds for a more robust retirement. Others work to stay active and engaged in their communities.

By 2019, more than 40 percent of Americans age 55 and older will be employed, making up a quarter of the entire U.S. labor force, according to the National Council on Aging. Active adults who want to share their talents and showcase their expertise will find employers eager to work with them.

Where to Find Returnships

Many companies have existing returnship programs that allow returning workers to thrive. Goldman Sachs launched an eight-week returnship program a decade ago that allows experienced individuals to sharpen their skills in a work environment that may have changed significantly since they were last employed. Several offices around the country participate in the program, including offices in New York City, Jersey City, Salt Lake City, and Dallas

Active adults can also browse job boards such as Glassdoor to discover returnship opportunities or search for return-to-work programs through Path Forward, a nonprofit that helps people find opportunities to contribute their skills. The organization has worked with notable companies such as Oracle, Apple, and PayPal. For yet more opportunities, individuals can explore iRelaunch, a company that works with about 30 large companies in what it calls career reentry programming. 

In a tight labor market, employers need talent. Experienced individuals with diverse professional backgrounds often have just the expertise employers seek. And from a personal standpoint, returnships offer many benefits to active adults: an opportunity to showcase their talents, a chance to learn new skills, and an increased sense of fulfillment.

Can you spot the $207,744 difference between these identical homes?

Financing is the difference!

Get the details in The 62+ Loan Homebuyers Guide.

55places Mortgage is a joint venture between Mutual of Omaha Mortgage and 55places.com.
Details here.

Share this post:

We're here to help! (800) 928-2055

Call us to speak with a customer service representative.

Subscribe to Our Newsletter

Get Weekly Updates

I agree that 55places and its affiliates, partner providers or agents may call, text, or email me about my inquiry, which may be made with automated means. I understand that my consent is not a prerequisite for buying a property. I may revoke my consent at any time by contacting optout@55places.com. Message/data rates may apply. I also agree to 55places.com’s Privacy Policy and Terms of Use.

The Best Places to Snowbird in 2021

We’ve gathered 25 of the best places for snowbirds, including cities in Florida, Arizona, California, Texas, South Carolina, and Nevada. For each entry, we’ve also provided a list of recommended 55+ communities in the area. If you’re ready to find your own winter retreat this season, here are some of the best places to consider.

A 55+ couple relaxing in lounge chairs on the beach.

25 Cheap Active Adult Communities for an Affordable Retirement

From scenic locations to impressive amenities, these communities provide a range of opportunities for active adults to enjoy their golden years while staying within their budget. Let’s explore 25 active adult communities that offer an affordable retirement experience.

Interest Rate vs. APR (And Other Mortgage Questions)

The mortgage process is pretty complicated. Even if you’ve gone through it before, it’s easy to get tripped up with all the steps, documentation, and financial jargon of it all. Are you planning on applying for a mortgage soon? Before diving straight in, here are some answers to commonly asked mortgage questions.

Two 55+ active adults relaxing in lounge chairs by the beach.

How to Decide Which State to Retire In

It’s common for active adults to relocate to a new state for retirement, and with thousands of 55+ communities across the country, it’s difficult to find the perfect place without narrowing the search first by state. The best guideline is to move to a state that can provide the lifestyle you’re looking for.

An asthmatic 55+ woman reaching for an inhaler.

The Best Places to Retire If You Have Asthma

Climate, geography, and access to health care providers are all key considerations for those with a chronic health condition. Let’s explore some of the best places to retire if you have asthma and what factors may be particularly important to you in a retirement destination.

Happy senior couple relaxes while fishing together by the lake in their 55+ community.

55+ Communities for Lake Lovers: Discover the Top 5 Destinations

Boating, fishing, swimming, and other water sports are popular pastimes for many active adults. While these activities are frequently found in coastal areas, water-loving retirees can enjoy living inland when they choose a community that offers access to a lake!

A mature woman explores an art gallery with her granddaughter in one of her favorite retirement cities.

The 4 Best Places to Retire if You Love Art

Retirement is your chance to devote yourself to the pastimes you love! If you love art, a handful of places across the U.S. will suit you best. Today, the team at 55places.com is here to explore communities all over the nation that you’re sure to love.

About 55places

We’re changing the way people 55 and older are searching for their perfect next place. With a national network of hand-selected real estate experts, plus comprehensive information, unbiased content, and on-the-go insight about thousands of communities across the country, we’re a trusted resource paving the way from here to home. Whether you’re interested in a low-maintenance single-level residence, an active lifestyle or age-qualified community, an intimate enclave, or anything in between, we can help you make your next move the best one yet.

Scroll to Top