Survey: 58% of Freelancers Do Not Make Enough Money, Says Survey

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Poll of 400-plus freelancers reveals only 42% making enough money to sustain the type of life they want to live.

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More than half of freelancers in a survey by, a small business credit card comparison and personal finance website, said they do not make enough money to sustain the type of lifestyle they want.

Survey Findings:

Yet the vast majority, some 85%, are able to make enough to pay at least the minimum on all their bills. Half are able to afford health insurance. Only 16% have been unable to pay their taxes.

Other Findings:

  •     36% of respondents said they work only 10 to 20 hours a week.
  •     52% reported their emotional well-being has improved since they became an independent contractor.
  •     49% plan to continue being an independent contractor indefinitely.

From November 5 to November 27, 2012, surveyed 424 independent contractors in the U.S., age 18 and over, using multiple-choice questions and short-answer questionnaires. provides information on the credit issues, news, and trends facing entrepreneurs through proprietary market research and analysis. Visit our newsroom at to stay informed with credit card news, deals, reviews, and tips from

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Charles Tran
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