Financial Struggles and Late Payments

[tradelikepro]

The survey reveals harsh realities: 31% of freelancers have no savings, less than half have a pension, and 37% have faced debt due to late payments. Working-class freelancers are even more vulnerable. Many report struggling to pay rent, bills, or even food costs, highlighting a growing need for support and protections.

[Abdul Khan]

The data makes clear that financial insecurity is widespread among freelancers—late payments and lack of pensions leave many one setback away from crisis.

[Rimon Khan]

With 31% having no savings and debt piling up, the freelance economy shows its cracks—stronger payment protections and safety nets are urgently needed.