Gen Z Embracing Freelance Work: Study and Insights

Gen Z Freelance Work Stats

Gen Z is increasingly turning to freelance work, with over 70% considering or already freelancing. According to Fiverr's study, this generation sees freelancing as a more stable career option amid layoffs and technological advancements.

Key Findings:

• 36% view freelancing as a backup plan for job loss
• 70% are currently freelancing or planning to start
• Flexibility and work-life balance are top priorities among Gen Z workers

Financial Considerations: Freelancers should be prepared for changes in taxation, including making quarterly estimated tax payments as self-employed workers to avoid penalties.

Whether freelancing full-time or part-time, understanding the financial implications and benefits is crucial before making the transition.