Exploring the Rise of Freelancing: Key Findings from the Freelance Forward 2023 Study
Saturday, 9 March 2024, 13:30
The Rise of Freelancing in the U.S.
Freelance work has become a popular choice for many workers seeking flexibility in their schedules and projects. In 2023, 64 million Americans freelanced, contributing $1.27 trillion to the economy.
Key Statistics from the Study
- 38% of the U.S. workforce freelanced in 2023
- 85% of freelancers are optimistic about the future
- Gen Z and millennials make up the majority of freelance workers
Financial Considerations for Freelancers
- Emergency savings: Build a financial cushion before transitioning to freelance work
- Taxes: Understand your new tax responsibilities as a self-employed worker
- Benefits: Plan for covering benefits previously provided by employers
While freelancing offers flexibility and empowerment, it's essential to carefully consider the financial implications before making the switch.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.