A recent study by Fiverr, a freelance marketplace, sheds light on Gen Z's evolving attitudes toward work and careers. With over 10,000 participants aged 16 to 26 surveyed globally, the study reveals that more than 70% of Gen Zers are either actively freelancing or considering it. This shift is driven by factors such as layoffs, advancements in technology, and a desire for flexibility.
The survey highlights that freelancing is increasingly seen as a stable alternative to traditional full-time employment, with nearly 36% of respondents viewing it as a viable backup plan in case of job loss due to layoffs or advancements in AI technology. Flexibility emerges as a crucial factor, particularly among American respondents, with 20% prioritizing work-life balance.
While freelancing offers the allure of greater autonomy and potential for increased earnings, it also brings financial considerations. Freelancers, especially in the U.S., need to navigate tax obligations independently, including making quarterly estimated tax payments to avoid penalties.
For those contemplating freelancing, starting part-time while maintaining a full-time job can provide stability during the transition. Exploring different freelance opportunities allows individuals to discover roles aligned with their interests and skills, potentially leading to a more fulfilling career path.
Ultimately, freelancing presents both opportunities and challenges. As Gen Z explores this career option, it's essential to weigh the benefits against the financial responsibilities and uncertainties inherent in independent work.
Source: Yahoo
Photo: Getty