Delivering Financial Literacy To Uber, DoorDash And The Gig Economy

August 2, 2024 | forbes.com

Credit: Image by Mohamed Hassan from Pixabay

In 1994 Pizza Hut launched the first online ordering service. Thirty years later, more than 112 million Americans have used a food delivery service, with 60 percent ordering takeout or delivery at least once a week. Millennials are more likely to order food delivery than dine in-person at the restaurant.

Food delivery is just one segment of the burgeoning gig economy which is forecast to exceed $500 billion and has attracted over 5 million people.

While self-employment and the gig economy promise freedom and flexibility, they come with significant costs. Given that a majority of Americans cannot answer basic financial literacy questions, that leaves these 5 million Americans left to navigate the landscape of self-employment in the dark.

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