article thumbnail

The Gig Economy Gets Ready To Scale

PYMNTS

millennials identified as gig workers. workforce is expected to freelance by 2028.”. A crippled economy reorganized itself around freelancers and independent contractors – a nomadic workforce that has crystallized over the ensuing 12 years.

article thumbnail

How kimkim Uses Faster Payments To Win Gig Worker Loyalty

PYMNTS

Gig workers will make up a full half of the American workforce by 2028, responsible for creating online content, designing webpages and conducting local food or historical tours, as well as ferrying passengers for rideshares or renting out their homes on homesharing platforms. This growing segment of workers took home $1.4

Payments 195
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

How FashionPass Is Innovating Clothing Rentals

PYMNTS

billion by 2028 and millennial women are leading the charge, according to Brittany Johnson, CEO and co-founder of online subscription-based clothing service FashionPass. The clothing rental market in the United States is projected to reach $4.4

article thumbnail

Customer Service Can Be A Competitive Advantage For Digital Platforms

PYMNTS

Older customers might prefer human interaction and want nothing to do with automated help , while millennials or Gen Z might want to solve their issues through chat windows powered by AI. billion by 2028. According to the Payments and The Platform Economy Playbook , the U.S. clothing rental market is projected to reach $4.4

Online 130
article thumbnail

Fashion Forward: How Tech Is Targeting Waste & Pollution In The $2.4T Fashion Industry

CB Insights

Over 65% of consumers are willing to pay more for sustainable products, with 42% of millennials and 37% of Gen Z saying they want to know what goes into products and how they’re made before buying them. The secondhand economy is projected to reach $64B by 2028, according to CB Insights’ market sizing tool. Source: ThredUp.