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

Interactive video: Addressing client income protection concerns

Interactive video: Addressing client income protection concerns

How do you engage with clients to help them understand the value of income protection?

Scottish Widows
clock 14 March 2025 • 1 min read
IPTF names 7Advisers cohort for 2025

IPTF names 7Advisers cohort for 2025

Third round of campaign

Jaskeet Briah
clock 13 March 2025 • 1 min read
Interactive video: How does income protection fit in with your clients' retirement journey?

Interactive video: How does income protection fit in with your clients' retirement journey?

Advisors play a key role in raising the need for income protection with their clients to ensure their financial security.

Scottish Widows
clock 13 March 2025 • 1 min read