How many gig workers are using that work to generate most of their income?

Answer:

• 12% of gig workers said they earned more than half of their income from gigs over the prior month

• An even lower 6% said that they earned at least 90 percent of their income from gig activities

Photo by Viktor Bystrov on Unsplash

Questions:

• What are some potential benefits of gig work?
• Why might some gig workers choose to diversify their income sources rather than relying solely on gig work?
• How might a fluctuating income from gig work impact one's ability to budget, save, and plan for the future?
• Would you consider gig work as a primary or secondary source of income in your future? Why or why not?

Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.

Behind the numbers (Federal Reserve):

"Gig activities were typically not full-time jobs. Twenty-nine percent of adults who performed gig activities (5 percent of all adults) said they spent more than 20 hours doing so over the prior month. Fifty-three percent of gig workers (8 percent of all adults) also had another job working for someone else."

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Play The Uber Game with your students to see if they can make it in the gig economy!

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Sharpen your students' budgeting skills with NGPF's Budgeting unit!

About the Author

Ryan Wood

Ryan grew up with and maintains a love for learning. He graduated from the University of Wisconsin-Green Bay with a degree in Business Administration and worked in sports marketing for a number of years. After living in Texas, Colorado, Tennessee, and Minnesota, the call of education eventually brought Ryan back to his home state of Wisconsin where he was a Business and Marketing teacher for three years. In his free time he likes to spend time with his wife and daughter, play basketball, read, and go fishing. Now with NGPF, Ryan is excited to help teachers lead the most important course their students will ever take.