Monday, July 23, 2018

31% Engaged in Gig Work in Past Month

Nearly one-third of Americans participate in the gig economy. Thirty-one percent of adults engaged in gig work in the past month, according to the Federal Reserve Board's Survey of Household Economics and Decisionmaking. Gig work is highest among younger adults: 43 percent of 25-to-34-year-olds did some type of gig work in the past month. Among people aged 65 or older, the figure was 18 percent.

Online services are the most popular type of gig work, with 16 percent of the public engaged in online gig work in the past month, such as...
11% sold goods online
4% provided services through online platforms such as Task Rabbit
2% drove for a ride-sharing service such as Uber or Lyft
2% rented their place of residence through online services

Offline services were provided by 14 percent of the public, such as...
7% provided housecleaning, yard work, or other property maintenance
6% provided child care, dog walking, or house sitting
2% provided disabled adult or elder care services

Offline sales were made by 9 percent, such as...
6% sold goods at flea markets or garage sales
4% sold goods at consignment shops or thrift stores

Why do gig work? The single biggest reason is to supplement income from regular work (39 percent), followed by hobby/fun (19 percent), and as a primary source of income (16 percent).

Source: Federal Reserve Board, Report on the Economic Well-Being of U.S. Households in 2017

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