Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions.
Key Principles
We value your trust. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive direct compensation from our advertisers.
Editorial Independence
Bankrate’s editorial team writes on behalf of YOU – the reader. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information.
You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey.
Bankrate follows a strict editorial policy, so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers.
We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money.
Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service.
Several years after the peak unemployment of the Great Recession, when 10% of the nation’s workforce was out of a job, the U.S. labor picture is improving. But the rebound isn’t just about a return of jobs in the traditional sense. Increasingly, work in America is a freelance affair.
Of the nation’s 53 million freelancers, 21.1 million work as independent contractors.
– Freelancers Union and Elance-oDesk
“Freelancing is the new normal,” says Sara Horowitz, founder and executive director of Freelancers Union, a New York-based organization that provides resources and access to group insurance plans for freelancers.
According to a recent study commissioned by Freelancers Union and Elance-oDesk, one-third of the American workforce is freelance. Of the nation’s 53 million freelancers, the largest group, 21.1 million, work as independent contractors.
The smallest segment of freelancers — 5%, or about 2.8 million people — is small-business owners. Meanwhile, another 14.3 million (27%) are “moonlighters,” working on a freelance basis to supplement their income. And while it’s true that many freelancers work on a temporary basis, the data show that temp workers account for only about 10% of the overall workforce, according to the Bureau of Labor Statistics.
Share