In the majority of cases, you aren’t going to get rich driving for Uber. However, there are ways to plan for your financial future so that you’re not dependent on Uber when you’re 65. Senior RSG contributor Christian Perea covers what younger rideshare drivers can do right now to prepare themselves financially – and all it starts with is $20 a week.
I recently took a ride as a passenger with a driver who was 75 years old. He told me he’d had several heart attacks and back surgeries and was living off a combination of his Social Security and Uber income. Without a steady Uber income, this man wouldn’t be able to pay for his daily expenses, putting him in a tough position.
Unfortunately, he’s not the only one I’ve met with this type of story; there are a lot of 65+ year old drivers supplementing their retirement income with rideshare earnings. And according to our 2018 Rideshare Survey, nearly 35% of drivers are over the age of 61.