Despite the fact that the majority of freelance workers say they’re doing well, that doesn’t change the fact that factors unique to their positions make it difficult or impossible for them to save for retirement.
And among those freelancers who say they’re doing “just okay” or are not doing well, the situation is even more pronounced.
And it’s something they worry about. More than half of freelancers (52 percent) say the lack of an employer-sponsored retirement plan was a concern when considering freelancing or becoming a solo entrepreneur.
That’s pretty major, considering the percentages who reported being worried about losing other employer-sponsored benefits like health care (54 percent), and their ability to generate work (63 percent).