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Gig Economy Impact by Generation

Key Takeaways
- Gig work appears to function best for Baby Boomers as a way to bridge to retirement and make ends meet.
- Millennials seem to embrace gig work as a means of balancing work/life demands, but have financial wellness challenges.
- Gen Xers appear to be the least financially secure gig workers and the least satisfied with their current situation.
The “gig economy”, in which individuals act as independent contractors, rather than employees, has become a significant source of employment for three generations of Americans – Millennials, Gen Xers and Baby Boomers. While each group differs in terms of lifestyle and reasons for choosing gig work, all face challenges when it comes to achieving financial wellness. This paper takes a deeper dive into the gig work experience by examining how it differs across the generations:
Millennial

Gen Xer

Boomer

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To learn more about the gig economy and how it differs across the generations, read Gig Economy Impact by Generation
You may also be interested in other Gig Economy topics.
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Feb 09, 2022 | 4 min read
Aug 18, 2021