THE GIG ECONOMY IS booming as more companies create space for independent workers to take on contract employment on a freelance, short-term basis. Gig workers, as they are called, are a growing self-employed workforce.
Whether a direct impact of the ongoing coronavirus pandemic or a result of disruptions in traditional employment opportunities, self-employed workers of the gig economy increase each year – and millennials lead the way, according to recent research.
The benefits of gig work include flexibility, work variety and even the opportunity to pursue your passion. But an inconsistent work schedule and uneven monthly income and cash flow can be challenges for those managing student loan debt.
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