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Shared Economy on the Rise

Even if you’re not familiar with the shared economy, you’ve likely heard of one of its many names, such as upcycling, on-demand, peer-to-peer lending or crowdsourcing.

Some shared business models include on demand access to goods and services (Uber,Airbnb), shared products or expertise (Adobe Reader, Wikipedia) and shared information on a collaborative platform (Facebook, Twitter).

Millennials have helped drive the concept of a shared economy over the past decade. Airbnb was conceived by two young adult roommates who rented out a place with air mattresses. What these entrepreneurs saw was demand and plenty of untapped supply.

The majority of shared service users are under age 45, college educated and earn relatively high incomes. However, these services have the potential to help address some of the problems experienced by older generations.

Unfortunately, 44 percent of Americans age 50 and older, and 56 percent of those 65 and older, have never used these types of resources. While millennials have helped drive the concept of a shared economy, it’s an untapped resource for retirees that may help ease some of the challenges they face.

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Ryan Keapproth

Ryan Keapproth

Financial Advisor

Ryan is dedicated to serving clients to achieve their retirement goals. Ryan’s holistic approach centers on wealth management strategies with a focus on income planning throughout retirement. As a Financial Advisor, Ryan is an Investment Adviser Representative (IAR), life and health insurance licensed and a Certified Tax Preparer. Ryan is a graduate of the University of Minnesota, with an Accounting and Finance major.​

Ryan is a lifelong Minnesotan originally from Woodbury and currently residing in Bloomington with his wife, Riamae, and their rescue Terrier Beagle mix, Douglas. Ryan and his wife are avid travelers as Riamae is originally from the Philippines. Ryan describes himself as a major foodie enjoying new restaurants around the cities whenever possible. Ryan enjoys playing golf and poker. He is a sports fan especially when the Vikings and Timberwolves are playing. In his formative years, Ryan tended bar at various places including Mystic Lake and Running Aces in Columbus, MN where he met his wife.  

We’re glad to have Ryan part of the Secured Retirement family too!