The invest and mutual fund firm T. Rowe Price study Financial Attitudes & Behaviors Toward the Gig Economy found that "participation in the gig economy makes workers more financially accountable".
As the study chart below shows (click to enlarge), 78% of the surveyed gig workers said they are more involved in their finances due to gig work.
This finding is hardly surprising. Gig workers generally face unpredictable income streams and report high levels of income volatility. They need to be more on top of their finances.
You might think this would make gig workers less positive about gig work. But it doesn't.
As with most every gig study, T. Rowe Price found most gig workers and positive about gig work.
Even most of those who reported working in the gig economy out of necessity instead of choice (about 32% of gig workers) are positive about gig work.
The study also found gig workers, on average, report similar levels of income as those with traditional jobs.
The study covers a lot of ground. See their slideshare presentation for more details.
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