The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
My wife and I live in Boulder, CO. Having reached a point where we find ourselves semi-retired, enjoying our social security and Medicare benefits, we do find the additional income of our AirB&B an important supplement to our financial situation. It allows us to participate in our community and support local businesses with this extra discretionary spending available to us. Many of the AirB&B guests also help to spread the financial benefits to our local economy more widely, since a stay in these residences tend to be less costly. It also helps keeping us from taxing and relying upon the social services provided by our community as well as the federal safety nets. Being financially stable is a big part of anyone's life and our AirB&B has allowed us this positive scenario in the "senior chapter" part of our lives. We so enjoy meeting interesting people and introducing them to much of what our beautiful city, with surroundings, has to offer. We also find that our guests prefer the more personal, comfortable atmosphere that AirB&Bs in people's private homes can provide. When we travel, we always use the AirB&B places available, specifically for this reason. It would be unfortunate to loose this opportunity that benefits our community both socially and financially.