Is the Gig Economy Reducing your Benefits?

Many people working nowadays have more than one job,  it’s fairly common to have several sources of income. Owning multiple small businesses, seasonal jobs, temp jobs and the gig economy add to the complexity of the modern-day economy. Having multiple sources of income can sometimes affect Social Security benefits.  Several part time jobs could help get you through the month, but have a long term negative effect on your eligibility for Social Security disability payments.

Keep in mind that if you become disabled, any benefit you receive is based in part on how much you pay in.  An under-the-table job might seem like a good idea, but it’s not building up your account for retirement or disability.