By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Next Gen Econ
  • Home
  • News
  • Personal Finance
    • Credit Cards
    • Loans
    • Banking
    • Retirement
    • Taxes
  • Debt
  • Homes
  • Business
  • More
    • Investing
    • Newsletter
Reading: 8 Common Side Hustles That Are Financially Useless After 50
Share
Subscribe To Alerts
Next Gen Econ Next Gen Econ
Font ResizerAa
  • Personal Finance
  • Credit Cards
  • Loans
  • Investing
  • Business
  • Debt
  • Homes
Search
  • Home
  • News
  • Personal Finance
    • Credit Cards
    • Loans
    • Banking
    • Retirement
    • Taxes
  • Debt
  • Homes
  • Business
  • More
    • Investing
    • Newsletter
Follow US
Copyright © 2014-2023 Ruby Theme Ltd. All Rights Reserved.
Next Gen Econ > Debt > 8 Common Side Hustles That Are Financially Useless After 50
Debt

8 Common Side Hustles That Are Financially Useless After 50

NGEC By NGEC Last updated: July 13, 2025 7 Min Read
SHARE
Image source: Unsplash

Side hustles are everywhere, promising flexibility, extra income, and a low barrier to entry. But for people over 50, not every gig is worth the time, gas, or energy. While younger workers may be able to tolerate low-paying or high-effort jobs as stepping stones, older adults often have less margin for error and far more to lose when it comes to time, health, and opportunity cost.

The truth is, some of the most heavily promoted side hustles sound great on paper but end up being financially useless, or even draining, for those in midlife or beyond. Whether it’s because of hidden costs, physical demands, or age-biased platforms, these gigs rarely deliver what they promise.

If you’re over 50 and looking to supplement your income, here are eight side hustles that often waste more than they’re worth—and why it’s time to rethink where your efforts go.

Rideshare Driving

Rideshare driving seems like a flexible, low-commitment way to earn money, but the reality often falls short, especially for older adults. Between rising gas prices, vehicle wear and tear, and long wait times between passengers, the actual profit margin can be razor-thin.

Add in the physical strain of sitting for hours and the risk of late-night or high-traffic driving, and many over-50 drivers find the hustle unsustainable. Insurance costs and tax complexities only make matters worse. Unless you live in a densely populated area with consistent demand, rideshare driving is unlikely to meaningfully boost your finances.

Food Delivery Apps

Food delivery platforms like DoorDash and Uber Eats are flooded with drivers, which means lower per-trip payouts and more unpaid idle time. For people over 50, the constant in-and-out of the car, climbing stairs with bags of food, and navigating poorly lit neighborhoods can take a physical toll, and it’s often thankless work.

Factor in the wear on your car, unpredictable tipping culture, and app commissions, and the actual hourly wage can dip below minimum wage. Many find they’re earning less than they thought once expenses are tallied.

Reselling Used Items Online

Selling old items on eBay or Facebook Marketplace can feel productive at first, but once the attic is empty, what’s next? Turning reselling into a consistent income stream requires hours of sourcing, pricing, photographing, packing, shipping, and handling returns.

Thrift store finds rarely flip for big profits anymore, as the market is oversaturated and many buyers expect rock-bottom prices. For older adults without a deep knowledge of collectibles or designer brands, reselling can quickly become a time sink with little return.

Taking Online Surveys

Online surveys promise easy cash for opinions, but most pay pennies per hour, if that. Some platforms require dozens of completed surveys just to cash out, and many screen users out after they’ve already started, wasting even more time. For retirees or semi-retirees hoping to pad their income, online surveys rarely offer anything close to a meaningful payoff. It’s digital busywork dressed up as opportunity.

Multi-Level Marketing (MLM)

Whether it’s skincare, supplements, essential oils, or kitchenware, MLM companies continue to recruit older participants with promises of flexible income and community. But the vast majority of people in MLMs either break even or lose money.

These businesses often rely on constant selling to friends and family or require bulk product purchases upfront. At 50 or older, risking your reputation or social relationships for the chance of “residual income” isn’t just emotionally draining—it’s financially dangerous.

blogging, blog writing
Image source: Unsplash

Blogging or Content Creation (Without Strategy)

Blogging or creating online content can be lucrative for those with a niche, a plan, and the patience to build an audience over time. But too many people over 50 are told to “just start a blog” without guidance on monetization, SEO, or traffic generation.

Without a focused strategy or digital marketing knowledge, most blogs become digital diaries no one reads. The cost of domain names, hosting, and hours of writing can easily outweigh any ad or affiliate revenue, if that revenue ever comes.

Renting Out a Spare Room (Without Vetting)

Short-term rental platforms like Airbnb can generate decent income, but only with careful management. Many older homeowners underestimate the time, energy, and legal exposure involved in hosting strangers.

Cleaning, guest communication, property maintenance, and insurance coverage require active effort and risk management. Without strict screening, some seniors have been left with property damage, noise complaints, or even legal issues. Hosting isn’t passive income. It’s hospitality work, and not everyone over 50 wants (or needs) that kind of stress.

Selling Crafts or Handmade Items

Sites like Etsy have made it easier than ever to sell handmade goods, but the market is flooded. Competing against mass-produced items, undercut pricing, and shifting trends make it hard to earn a consistent income. Plus, crafting supplies are costly, and the time spent creating can far exceed the product’s value. Unless you already have a loyal customer base or local following, turning crafts into cash is often a labor of love, not a retirement strategy.

After 50, Your Time Is More Valuable Than Ever

Side hustles can be smart, but only when they truly support your financial goals without draining your time, health, or peace of mind. After 50, every hour you spend chasing income should deliver more than pennies and frustration.

Don’t buy into the hype that any hustle is better than none. You’ve already paid your dues in life and labor. Now it’s about working smarter, not harder.

Have you tried one of these side hustles or found a better alternative that actually works after 50?

Read More:

9 Side Hustles That Are Actually Losing You Money

Why Most Side Hustles Fail—And 5 That Still Work in 2025

Read the full article here

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article 9 Long-Held Traditions That Are Quietly Wrecking Family Finances
Next Article 9 Signs You’re Being Financially Exploited by Someone You Love
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FacebookLike
TwitterFollow
PinterestPin
InstagramFollow
TiktokFollow
Google NewsFollow
Most Popular
7 Tech Habits That Are Quietly Costing You More Than You Think
July 14, 2025
8 Popular Savings Tips That Actually Hurt You in the Long Run
July 13, 2025
Why Some Adult Children Are Filing Restraining Orders on Parents
July 13, 2025
6 Laws That Allow Private Companies to Track Your Movements
July 13, 2025
9 Signs You’re Being Financially Exploited by Someone You Love
July 13, 2025
9 Long-Held Traditions That Are Quietly Wrecking Family Finances
July 13, 2025

You Might Also Like

Debt

Why Some Retirees Secretly Return to Work And Never Tell Anyone

7 Min Read
Debt

10 Bills That Middle-Class Americans Can No Longer Afford

8 Min Read
Debt

6 Things That Still Count as Elder Neglect in Most States

8 Min Read
Debt

10 Financial Moves That Quietly Ruin Middle Class Stability

9 Min Read

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Next Gen Econ

Next Gen Econ is your one-stop website for the latest finance news, updates and tips, follow us for more daily updates.

Latest News

  • Small Business
  • Debt
  • Investments
  • Personal Finance

Resouce

  • Privacy Policy
  • Terms of use
  • Newsletter
  • Contact

Daily Newsletter

Subscribe to our newsletter to get our newest articles instantly!
Get Daily Updates
Welcome Back!

Sign in to your account

Lost your password?