There are two kinds of gig workers: "independent" and "contingent" employees. Independent employees are those who are really their own boss. Contingent employees describe individuals who work for another business or business, similar to routine workers might, minus the security and all the other advantages that include being a full-fledged staff member.

Because exact same Betterment study, 40 percent of employees stated they feel unprepared to save enough to maintain their way of life throughout retirement. Gayle Schadendorf has actually been a freelance graphic designer for 23 years and said that throughout her career, she's worked practically solely for one corporation. However, due to corporate layoffs, she has lost her connections with art directors and hasn't worked for that business for a year.

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