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JULY 24, 2018

The gig economy

Over time, the labor market has shifted from one characterized by stable or permanent employment to a “gig economy” of temporary or contracted employment. In this market, an on-demand, freelance or contingent workforce is becoming the norm. A "gig” can be defined as “any job, especially one of short or uncertain duration.”

BMO Wealth Management commissioned a survey to learn more about the gig economy and the views of its workforce on employment and related challenges. It reveals that boomers, millennials and generation-Xers have distinct outlooks and reasons for working in the gig economy. The report suggests some ways that this flexible workforce can achieve financial wellness with confidence. 

For more information, download and read the detailed report.