Workers who pick up side gigs as a second income or to tide over a job loss were more likely to receive unemployment insurance in 2016, study finds.
How laid-off workers use side gigs as a bridge
Workers who have a side hustle in the "online platform economy" — sites such as Airbnb, Etsy, Uber or TaskRabbit, for example, that help connect them with customers and facilitate payment — were more likely to have received unemployment than wage-only workers, according toResearchers noted that other studies have found that kind of gig work can help "smooth income around shocks like job loss.
"It's interesting that you're finding people using the wide range of internet platform opportunities to just earn a little money on the side while they're looking for a regular permanent job," Houseman said.There are more ways you can protect yourself financially for an income disruption, such as slowly but surelyafter a layoff. Make sure to apply for unemployment benefits, figure out your health care options and revisit your retirement plan.
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