Are Online Surveys an Effective Way to Earn Extra Income in Retirement?

As Britain’s pension crisis continues to force a high number of pensioners back into work, experts say that the increase of working seniors is partly due to modern demographics.  According to the Office for National Statistics, 1 in 10 pensioners in the UK is either working part-time or searching for methods of deriving extra income. With 158,000 citizens over the age of 75, that leaves many seniors with limited means of making extra cash.

With the low returns from savings and the cost of living on the rise, seniors are searching for new ways to supplement their income. In fact, 1 in 5 seniors in Britain is unable to set aside retirement funds, due to the high cost of living. Of those, 43% of seniors are “occasional” savers, while 38% are still working because they simply cannot afford to retire.

Online Surveys to Supply Extra Income

While doing online surveys cannot provide nearly the same amount of money from a regular salary, it offers a flexible way for seniors to earn a little extra on the side. Making money online by taking surveys can also be a fun and lucrative way to spend free time. What’s more, individuals do not need any form of special training or requirements to get started.

So, How Do Online Surveys Work?

For companies to thrive and understand their target market, it is important to know the opinions of their audience regarding their services and products. Major brand companies such as Nestle, Adidas, and Mark & Spencer regularly conduct market research to understand their customer’s demands. By sharing your thoughts and opinions, you will be able to help them improve their products, vote for the most captivating advertisements, increase their revenue, and ultimately let your voice be heard.

Start Taking Online Surveys

There’s no shortage of sites offering survey opportunities, so all you need to do is sign up. However, before you so, be aware that some surveys may be quite challenging while others take less than five minutes. Depending on the site, you can earn anything from £5-£15 an hour. In addition, you might even receive free samples to review. As you reach the minimum payout, you will be able to exchange your points for vouchers for a range of popular shops, such as Barnes & Noble, Home Depot, Amazon, Debenhams, and more.

While doing online surveys may not pay your bills, it is an easy way to supplement your pension. Retirement should be a time to relax and enjoy your later years without worrying about making ends meet. It is the time to discover new hobbies, bond with friends, and travel where you have once dreamed. What’s more, there many online surveys that may also provide the perfect opportunity to receive discounts and vouchers for your next holiday.