New TransUnion Study Challenges Credit Myths About Canadian Gig Workers
TransUnion released a new study titled 'The Gig Economy in Canada' to highlight credit assessment opportunities among gig workers, who comprise 11% of the Canadian workforce. The survey of 500 gig workers found that 63% supplement full-time employment with gig work, and 68% fall into prime or better credit risk tiers, broadly aligning with the general population.
Key figures
- Survey sample size
- 500
- Gig workforce share canada
- 11%
- Gig workers prime credit tier
- 68%
- Gig workers payment challenges
- 36%
- Gig workers planning credit 12m
- 36%
- Gig workers not leaving near term
- 71%
- Gig workers applying for credit 6m
- 35%
- Gig workers mortgage participation
- 34%
- Gig workers supplementing full time
- 63%
- General population prime credit tier
- 73%
- General population payment challenges
- 22%
- General population planning credit 12m
- 22%
- Gig workers personal loan participation
- 22%
- General population mortgage participation
- 29%
- Gig workers facing application challenges
- nearly 50%
- General population personal loan participation
- 11%
AI analysis
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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.