Gig Work Becomes Primary Source of Income for Majority of Workers, Providing Financial Security Amid Turbulent Economic Times

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Apr 13, 2023

Branch, the leading workforce payments platform, and Marqeta (NASDAQ: MQ), the global modern card issuing platform, today announced findings from the third annual Branch+x+Marqeta+Gig+Payments+Report, a joint study on the work and payments preferences of gig workers. Surveying over 1,000 workers who turned to gig and 1099 work in the last six months, the study found that gig work continues to be a lifeline and has become a primary source of income for many workers rather than a supplement to salaried roles, with survey respondents almost unanimously citing inflation as an ongoing struggle.