June 28, 2018
Abdullahi Muhammed | Forbes
Right now, more than one in three workers are freelancers. Of the freelancers who are over 55, 49% are using supplemental gig work to help fund their eventual retirement. This contributes to the overall growth of the gig economy, but the news isn’t all good. Overall, 40% of freelance workers worry that they will not be able to retire comfortably, yet they are not giving up on their vocation.
Further, the workforce share of gig work rose from 10.1% in 2005 to 15.8% in 2015. By 2020, half of the U.S. workers will be freelancers. Let’s take a look at some of the reasons behind this trend as well as some of the challenges that gig workers can expect to face. Read the full article.