60% Gig Workers Lack Credit Access as Per American Journal
60% Gig Workers Lack Credit Access as Per American Journal is drawing significant interest across the industry.
New Delhi [India], February 20: Gig work is increasing--think ride-share drivers, freelancers, and delivery folks powering the Indian economy. But a paper in the American Journal of Humanities and Social Sciences Research paints a tough picture: 60% of gig workers struggle to get formal credit, and 75% across three countries, including India, lack a traditional credit score. Old-school systems, built for steady salaries and long job histories, leave these workers out in the cold, even with reliable but irregular earnings. A World Bank report echoes this, noting gig folks need loans for bikes or business boosts but get sidelined by income volatility.
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
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