- A global survey by Remitly found that nearly three-quarters (74.6 per cent) of adults across 28 countries aspire to be self-employed, though only a third anticipate taking steps towards it in the next year due to financial instability .
- Ankur Tiwari, Remitly Business GM, noted that despite the appeal of independence and flexibility in entrepreneurship, persistent financial instability is making it increasingly difficult for individuals to make the leap.
- Kenya reported the highest rate of individuals preferring self-employment, while Spain had the lowest at 29.5 per cent; the United States ranked seventh with 82.1 per cent expressing a desire to be their own boss.
- The main motivations for seeking self-employment include a desire for more independence and control over work (72.7 per cent), greater flexibility regarding when and where they work, and an improved work-life balance.
- Conversely, individuals preferring traditional employment cited job security and benefits (61.7 per cent), lower financial risk, and not wanting the responsibility of running a business as their primary reasons.
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