SAN FRANCISCO, July 06, 2022 (GLOBE NEWSWIRE) – The Independent Economy Council has released its findings from its first annual State of Independent Work report.
From March 15 – March 18, 2022, 1,009 U.S. people surveyed earning a living from freelance work including freelance work, sports careers, telephone work, or anything else valued at $ 1099.
Commenting on the findings, Trent Bigelow, chairman of the Independent Economy Council and CEO of Abound, said: “There are more than 68 million independent workers in the US and this number will continue to grow in the coming years. to better understand the state of life for independent workers and the most important thing that can be done to create a better working environment for them. ”
Having a flexible schedule is a great incentive. Some of the things that make them independent are such as being their boss, managing their financial future, and being able to do their favorite jobs.
63% earn more as an independent worker. Many earn more money than they do on traditional W-2 projects. They also work 30 to 40 hours a week, and have two or three ways to earn a living. This continues as the starting salary continues to grow.
43% say no money can bring them back to W-2. While 57% can return to W-2 work – at a price. For them, a good salary, a failed business, and a change in lifestyle that require something permanent can motivate them to return to work.
They miss out on the regular income from the W-2 performance a lot. They also need better health, paid vacation and leisure time, and socializing with workmates.
Saving enough money for taxes is a challenge. When it comes to finances, they worry about having enough money to pay their taxes. Other major concerns include applying for a business or loan, knowing how to market your product or service properly, and getting the right benefits.
49% use the market or platform to make money. 31% of independents find their customers or clients directly, while the remaining 20% find their clients between the two approaches.
Before resigning, they could save a lot of money. They would also have a business plan or growth instead of prior change and having more customers.
“The council hopes to conduct regular research – and provide resources – to show how independent individuals can work and increase their income and resources,” said Oona Rokyta, chairman of the Independent Economy Council. CEO of Lance.
All results of this report can be found here: https://www.independenteconomy.org/our-blog/state-of-independent-work-insights-from-1000-independent-workers
Of Independent Economy Council
The Independent Economy Council was established in 2021 by a group of workers, advocates, entrepreneurs, and researchers to increase economic security for American workers by making independent work profitable for all.
In view of the economic growth of the Independent Economy, the Commission promotes the principles of corporate governance and corporate governance that are closely related to the economic and security situation of 68 million American independent employees, as well as those who serve and remunerate.
For more information on The Independent Economy Council, visit www.independenteconomy.org.
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