Traditional Workers are More Likely Than Gig Economy Workers to Save for Retirement, Study Finds
Traditional workers are more likely to save for retirement than independent workers, finds a T. Rowe price study. The study found 72 percent of traditional workers and 56 percent of gig economy workers are actively saving for retirement. Independent workers primarily use IRAs, while traditional workers prefer employer-sponsored retirement plans. According to the report, gig economy workers are just as likely as traditional workers to say they feel they will be financially ready for retirement. Both traditional and independent workers say they plan to work part-time in retirement, while independent workers are significantly more likely to see themselves working indefinitely.