February 25 2016.

Self-employed people in the UK report higher job satisfaction than employees despite being more likely to live in low income households and work longer hours.

Self-employed individuals in the UK are twice as likely (20 per cent) to reside in a ‘low income’ household compared to employees (10 per cent), where ‘low income’ refers to having an equivalised gross household income below 60 per cent of median household income.

Given that 4.62 million individuals are self-employed in the UK, this indicates that over 900,000 individuals are self-employed and in a low income household, according to a study by think tank Bright Blue.

Self-employed individuals in low income households work markedly more hours on average (38 hours per week) than employees in low income households (26 hours per week).

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