Monday, August 06, 2018

Retirement in the Age of Uber



Excerpt from an article by Mia Taylor
To read more, visit The Simple Dollar

"There are many upsides to the gig economy and freelance work, like the flexible schedule, the autonomy of being your own boss, and, if it’s a side hustle, the ability to earn extra income to pay off bills or save for special purchases. But a path to a stable retirement does not appear to be among the benefits, at least for a lot of gig economy workers.

Betterment, an online investment platform, has just released new research focused on the finances and the future of retirement in today’s self-employed workforce. And it’s not all good news.

Their report looks at the nation’s dated retirement system, and how it has left gig economy workers unprepared. The study notes that the rise of the gig economy is fundamentally changing the way Americans earn, spend, and save for retirement, pointing out that the freedom and flexibility of the gig economy is nice now, but, for many, unsustainable over the long term."

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