In a new report on the state of financial planning among Gig Workers, Legal & General analyzes proprietary data on freelancers’ preparedness for retirement. Scheduled for release tomorrow, U.S. Gig Economy study: Part 6—Gig Workers come up short on their future financial and retirement planning, marks the eighth report on Legal & General’s deep dive into the U.S. Gig Economy. In this section of the study, you’ll find data points and analysis of gig workers’ issues with savings and retirement, including:
· Three-quarters of gig workers plan to fund their own retirement
· Over half of gig workers feel savings and retirement plans are beyond their access
· Stats on gig workers’ inadequate preparation for short-term shocks to their income
· 30% plan to never retire, and among those who do, 45% expect to be over 65
· Financial literacy: some surprises here
· Role of fintech, frictionless approaches to helping gig workers solve their long-term financial needs
If you’d like to take an advance look at the report along with a press release, I’ll be happy to send it your way. And if you’d like to arrange a time to chat with report co-author and Legal & General CEO Sir Nigel Wilson or co-author John Godfrey, L&G’s Director of Levelling-Up, please let me know.
Thanks for your time.
Best regards,
Meir Kahtan
Meir Kahtan Public Relations, LLC
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