Gig Workers Less Enthusiastic About Homeownership

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Posted To: MND NewsWire

“Gig,” a term that used to refer mostly to a musician’s booking, is now being used to describe a whole sector of the U.S. economy. Fannie Mae defines it, rather narrowly we think, as the on-line, on-demand services such as ride sharing and accommodation, and included questions about it in their Third Quarter National Housing Survey . Fannie Mae says its purpose was to understand the extent to which the gig economy is growing and how it might affect attitudes towards homeownership. The survey found that 16 percent of American adults have provided a service through the gig economy. Seven percent report providing ride sharing and the same percentage have provided “services,” most commonly child sitting or handy-man services. Five percent have provided accommodation sharing (i.e. AirBnB type hosting…(read more)

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