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5 side hustles for people in their 50s: Some could pay thousands of dollars per month

More than 61 million Americans plan to start a side hustle in 2021, according to a Zapier survey of 2,001 U.S. adults. And though a higher percentage of the younger generations like millennials have picked up side hustles ― 48%, according to Bankrate ― older generations are trying the trend as well. More than a third, 39%, of Gen Xers and 28% of baby boomers say they earn extra income on the side.

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If you're in your 50s and are keen to dive into a side gig, there are "so many things that a person over 50 can do, even with minimal skills," says Jen Glantz, founder and CEO of the business Bridesmaid for Hire.

Here are five side hustle ideas for people in their 50s.

'You can rent out your apartment'

By your 50s, you might own a home. Maybe you've even upgraded to a bigger or more luxurious house or apartment. Whatever the case, consider renting your space out for hours, days, or even weeks at a time.

"You can rent your apartment, obviously, on Airbnb, but you could also rent your apartment for the day with something called Peerspace where people can rent it for a video shoot or a photo shoot," says Glantz. A site called Splacer helps you rent out your space for holiday parties, workspaces, and launch events.

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