How Millennials are Redefining the Future of Work

How Millennials are Redefining the Future Of Work It's no secret that Millennials are the most tech savvy generation ever. Tech is influencing their career choices in ways their parents couldn't have imagined. Millennials have grown up with the Internet and many are using it to meet the challenges of a tough economy, working on their own terms and redefining the 9-5. As the largest Nearly 29% 22 generation, how they earn is having a major impact on the of Americans are Millennials (born after 1980) is the most common age in America right culture of work. now BY 2020, 1 IN 3 ADULTS WILL BE A MILLENNIAL TODAY 4 IN 10 MINIMUM-WAGE WORKERS ARE COLLEGE GRADUATES From 1993 - 2014 student loan debt ballooned: 1/4 -$27,000 of Millennials turned to independent work when they couldn't find traditional employment -$12,000 1993 2014 In fact, Millennials are freelancing in record numbers Nearly 18 million freelancers in the workforce in 2013 1 in 5 was a Millennial 70% 76% of Millennials would consider of Fiverr sellers are under the age of 35 rejecting traditional business to work independently And they are thriving as freelancers. They do it because they enjoy it, and feel appreciated for their work. 55% feel free as like making a 78% difference with independents their work indicate that are satisfied or 45% previous employers did not recognize 72% highly satisfied with freelancing the value they offer They also do it because flexibility and work/life balance matter to them 45% plan on continuing to freelance plan to builda bigger business 21% 28% plan to seek a traditional job in the next 2-3 years 助 Y 6) 45% said they would put workplace flexibility 75% place a high importance on balancing work with life over pay Despite the country's recent economic challenges, these entrepreneurial Millennials are optimistic say they currently have enough money to lead the lives they want, or expect to in the future 80% believe they will be as well or better off than 85% their parents THE FUTURE OF FREELANCING Thanks in large part to the ingenuity and independence of the Millennial generation, freelancing is the new way to work. This is the future, and Fiverr is helping to build it. fiverr SOURCES Monthly Population Estimates (U.S. Census Bureau, 2014)| The Changing Profile of Student Borrowers (Pew Research, 2014)| Federal Minimum Wage Increase (Economic Policy Institute, 2013)|Millennial White Paper (NEC Corporation of America, 2013)|| The State of Independence in America (MBO Partners, 2013)| The Cost of Millennial Retention Study (Millennial Branding, 2013) | In the Face of a Tough Economy, Millennials Give Us Hope with Enterprising Spirit (U.S. Chamber Foundation, 2013)|| Deloitte Millennial Survey (Deloitte, 2014)| Better Money Habits Millennial Report (Bank of America/USA Today, 2014)|Millennials in Adulthood (Pew, 2014)