“Overall, gig workers in the sample report have poor financial management, as reflected by 66 per cent who don’t maintain any record or track their expenses. Hence, lack of planning is one key factor. There are also key differences among life stages. Constrained earners are generally older and take on gig work as almost a last resort, as they have high family responsibilities and several pressing financial obligations. Among the younger gig workers, a portion use this as pocket money/supplemental income, and hence it finances their consumption needs, and so they have no savings. There are also among the younger gig workers who have some family responsibility, but are more ambitious, and they tend to have a higher proportion towards saving,” adds Rathi.