Millennial Independents in 2015: 8 Things the "Work to Live" Generation Wants You to Know, from MBO Partners, summarizes detailed information on Millennials (born 1890 - 2000) from the MBO Partners 2015 State of Independence study.
The key traits of this group include:
- The number of Millennial independent workers is growing rapidly: the number of Millennial independents has grown from 1.9 million in 2011 to 5.35 in 2015, a nearly three-fold increase, surging from just 12% of the full-time independent workforce in 2011 to 30%
- They're more likely to be employed in a creative field than older independents: 1 in 5 Millennial Full-Time Independents self-describe as creative professionals (think graphic design, writers and photographers), compared with only 1 in 10 of non-Millennial Full-Time Independents.
- Most plan to continue as independents: 61% of Millennial independents plan to stay independent either as solopreneurs (40%) or in order to build a bigger business (21%).
- Independence is not always easy for Millennials: Millennials consistently report being more challenged by independent work than other age groups do. These challenges include a lack of predictable income (reported by 57% of Millennials, compared with 48% of non-Millennials), a lack of job security (48% for Millennials, 28% for non Millennials) and concerns about benefits (46% for Millennials, 30% for non-Millennials).
See the article for more details. The infographic below is also from the article.