Retirement Planning for the 'Gig' Economy
Contractors and other self-employed workers need a bigger safety net, less idiosyncratic risk, than other workers.
Changes have been coming fast and furiously for workers in the gig economy.
Before the pandemic, the number of gig workers--a broad coalition that includes delivery and ride-share drivers as well as contract-based knowledge workers--was growing quickly. The number of such workers jumped by 15% in the decade through 2019, and 16% of workers at U.S. businesses were independent contractors in 2019.