The freelance retirement crisis no one is talking about
Americans don’t save enough for retirement. And gig economy workers are likely to struggle more than others.
Freelancers, independent contractors and sharing economy workers may be
even less prepared for retirement but those who work in the gig economy
have some options if they wish to take advantage of provisions in the US
tax code.
- Seven in 10 full-time gig economy workers are unprepared to sustain their lifestyle in retirement
- One in three of them set aside no money for retirement
- One-third associate retirement with anxiety
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