Gig economy workers 'hit harder' financially

IPTF research shows

Adam Saville
clock • 4 min read

Nearly a third of UK gig workers living paycheck to paycheck, IPTF survey shows

Half of Brits (49%) working temporarily or doing contract paid work for a mobile app or website said they have taken ‘desperate measures' to survive financially, research by the Income Protection Task Force (IPTF) has revealed. This includes measures such as using food banks, shoplifting, gambling, drinking or taking a payday loan - less than 10% of those not working in the gig economy admitted to living like this. The figures also show that a quarter (26%) are living paycheck to paycheck, however this rises to 31% for those working in the gig economy. Fuelled by the growing online...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Income Protection

Partner Insight Video: Financial stability and the reality of everyday accidents

Partner Insight Video: Financial stability and the reality of everyday accidents

Everyday accidents and illnesses are more common than we think, yet the financial implications often go unnoticed. The MetLife Everyday Risk Report highlights the urgent need to address this gap in protection

Sponsored by MetLife
clock 09 January 2025 • 1 min read
IPTF announces new members for 2025

IPTF announces new members for 2025

Seven new additions

Cameron Roberts
clock 06 January 2025 • 2 min read
Profile of an IP customer: learnings from 2024

Profile of an IP customer: learnings from 2024

Panel with the IPTF and IRESS

Cameron Roberts
clock 13 December 2024 • 1 min read