More than half of UK adults consider themselves content creators! Are you one of them?
Recent research conducted by marketing experts at FATJOE has unveiled a significant shift in the working culture of Brits. The survey, which focused on the gig economy and surveyed 500 individuals in the UK aged between 20 and 54, uncovered a flourishing trend – one in two Brits proudly identifies as a content creator. Within this age group, comprising over 20 million individuals according to Statista, the findings indicate that approximately 13 million Brits have embraced content creation, with 17.2% identifying as podcasters, 23.0% as bloggers, and 12.2% as social media content creators.
This vibrant tapestry of content creation is not without its challenges. The potential impact of a UK law targeting individuals earning £1,000 or more puts content creators on the brink of a tax crunch. Delving deeper into the demographics of content creators, the study highlighted that men dominate the sphere, constituting 61.6% of creators, while women make up a significant 45.5% of participation. However, disparities in earnings are evident, with 27.8% of content creators falling under the scope of the new law.
Further exploration of income brackets reveals notable differences. A higher percentage of women (37.2%) compared to men (25.7%) earned £500-£999 in the last 12 months. At the higher earning levels, men outpace women, with 10.6% of men securing £5,000 or more compared to 3.3% of women. Impressively, 36.6% of content creators are willing to sacrifice 20% of their income for a career in content creation, challenging the traditional 9-to-5 job model.
City-based analysis adds another layer to the narrative. London emerges as a hotspot for high earners, with 9.8% making £5,000 or more. Nottingham and Manchester follow suit, with 5% and 4.8% of content creators making £5,000 or more, while Belfast and Norwich, hidden hubs of online talent, have 66.7% and 60% respectively earning £500-£999 in the past year. Southampton rose in influence as 16.7% of content creators earned £2,000-£4,999.
Commenting on the findings, a spokesperson at FATJOE , stated, “This survey sheds light on the transformative role of content creation in the digital age. The willingness of individuals to trade traditional careers for a shot at full-time content creation reflects the evolving nature of work and income streams. The survey not only captures the pulse of a nation deeply immersed in the art of content creation but also raises crucial questions about the future of work and the challenges these creators may face.”
Article written by FATJOE.
Wanda Rich has been the Editor-in-Chief of Global Banking & Finance Review since 2011, playing a pivotal role in shaping the publication’s content and direction. Under her leadership, the magazine has expanded its global reach and established itself as a trusted source of information and analysis across various financial sectors. She is known for conducting exclusive interviews with industry leaders and oversees the Global Banking & Finance Awards, which recognize innovation and leadership in finance. In addition to Global Banking & Finance Review, Wanda also serves as editor for numerous other platforms, including Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune.