In the UK today the threat of being out of work appears to have been replaced by a new worry: financial insecurity.
This report from Demos finds that the liquid workforce are less likely to be able to access financial services and products. The liquid workforce encompasses the self-employed, temporary workers, zero-hours workers, freelancers and those with multiple flexible forms of employment.
This lack of financial accessibility, coupled with a lack of traditional employee rights and benefits, means that the liquid workforce are less financially secure than typical workers.
‘The Liquidity Trap’ sets out a policy agenda to boost the financial security and inclusion of the liquid workforce, considering three main research questions:
- How does the financial experience of the liquid workforce differ to that of the general population?
- In relation to their financial experience, what specific challenges does the liquid workforce face?
- What steps can financial institutions, regulators and Government take to improve the financial experience of the liquid workforce?
Download the full report here: https://demos.co.uk/wp-content/uploads/2019/11/Liquid-Workforce-Digital-Final.pdf
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