Member Exclusive, New banks
As gig work tops $1 trillion in the U.S, workers demand more real time payouts
- Pandemic related loss of income has spurred an increased interest in gig economy work.
- Branch and Marqeta’s report shows that 94 percent of gig workers associate faster payouts with financial security.
Significant reductions in working hours during the pandemic have forced many Americans to migrate towards gig and contract work to compensate for lost incomes.
In 2020, gig economy workers represented around 35 percent of the U.S workforce which roughly amounts to around 57 million people. According to freelance network Upwork, gig work contributes around $1 trillion to the American economy annually.
This content is available exclusively to Tearsheet Outlier members.
Missing out? Subscribe today and you’ll receive unlimited access to all Tearsheet content, original research, exclusive webinars and events, member-only newsletters from Tearsheet editors and reporters and much more. Join Outlier now — only $49/mo. Already an Outlier member? Sign in to your account