Want to know the vacation habits of self-employed US freelancers? A new survey by HoneyBook, a business and financial management platform for entrepreneurs and freelancers shared the interesting survey details.
What they found is :
92% of freelancers work on vacation; of these, 60% of them work because they feel they have to work.
Most of the freelancers worry that if they take time off, they will lose their clientele (Clients opt for alternatives when freelancers are not available) or they will lose their revenue.
In addition, the survey also shows the gender disparity where 65% of female freelancers hide their vacation compared to 41% of men. This highlights the fact that women may feel more pressure than men to deprioritize their careers to be fully present for their family responsibilities.
But, the point to be taken is what solopreneurs are not thinking about is the cost of not taking care of their health. One can choose interesting places to do freelancer work, but, tagging the work during vacation has its personal effects.
The advantage of taking a vacation especially for the freelancers who juggle multiple projects is to rejuvenate their creative juices and come back with more productive spirit.
The other interesting details in the survey are:
- Today more than one third, or about 57 million U.S. workers, are in the gig economy. This is an increase of $3.7 million since 2014.
- The average annual salary for full-time freelancers with three to 10 years’ experience: $70,536.
- Gen X is less likely to fully unplug on vacation compared to millennials, despite being the poster generation for demanding work-life balance.