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☆ Older Americans explain how they're spending their retirements working in the gig economy as Uber and Lyft drivers to make ends meet
▼ + stars: | 2023-12-05 | by ( Jacob Zinkula | Noah Sheidlower | ) www.businessinsider.com time to read: +9 min

Some of these semi-retired workers are gig drivers for companies like Uber and DoorDash. Over half of the missing gig workers were aged 60 or older, and over 40% of them described themselves as "retired." Many of these semi-retired workers are gig drivers for companies like Uber and DoorDash. Business Insider previously spoke with six gig drivers about why they're driving during their retirement and the strategies they're using to make money. As her pay-per-ride declines and the cost of maintenance skyrockets, she's been forced to find other types of gig work.

Persons: Uber, —, boomers, didn't, Robert A, Peterson, John Fleming, Charles Rosenblatt, Jeff Hoenig, he'd, Jeff Hoenig Jeff Hoenig, Wesley Johnson, San Francisco Uber, Johnson, Omar Ford, Omar Ford Omar Ford Ford, he's, Germaine, she's, it's, Bill, Rich Organizations: Service, Hebrew University, Federal Reserve Bank of Boston, Survey, AARP, The University of Texas, Business, Hertz, Security, North Carolina, BI, Arizona Uber, Uber, Social Locations: Austin, Myrtle Beach , South Carolina, San Francisco, South Florida, New York City, Florida, North, Arizona

☆ How much you should tip your Uber and Lyft driver, according to drivers and etiquette experts
▼ + stars: | 2023-10-25 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Some Uber and Lyft drivers have complained about poor customer tipping recently. We asked drivers and etiquette experts how much Americans should be tipping for Uber and Lyft rides . AdvertisementAdvertisementRegardless of whether you're tired of tipping or trying to save money, four etiquette experts and drivers told Insider that it shouldn't stop you from tipping your Uber and Lyft driver. "As long as we're not guaranteed a living wage, I think the ethical thing is to tip drivers." AdvertisementAdvertisementJeff Hoenig, a 63-year-old part-time Uber driver in South Carolina, told Insider that roughly half of his customers left a tip last year.

Persons: Uber, —, it's, Lyft, Thomas Farley, Mister Manners, Gabe Ets, Jeff Hoenig Jeff Hoenig Nick Leighton, Farley, Jeff Hoenig, Hoenig Organizations: Service, Ets Locations: New York, Oakland , California, South Carolina

☆ How much do Uber and Lyft drivers really make? It varies wildly depending on tips, car expenses, and how they calculate profits.
▼ + stars: | 2023-10-24 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

First, the ride-hailing pay calculations used by researchers, drivers, and companies can vary considerably — some don't fully account for the expenses and hours that impact a driver's profits. Second, drivers' pay can fluctuate based on how often they drive, their vehicle's expenses, and how well their customers tip. Aaron Lavender, a 36-year-old full-time Uber and Lyft driver in Colorado, previously told Insider that tips make up 10% to 20% of his income. AdvertisementAdvertisementMinimum wage laws could help clarify drivers' payThe uncertainty of drivers' pay doesn't seem to have stopped Americans from giving ride-hailing gigs a shot. The number of Uber drivers hit a record-high 5 million in 2022, with more than 70% of new drivers citing inflation as a reason they joined the platform, the company reported.

Persons: Uber, —, Lyft, Jeff Hoenig Jeff Hoenig Uber, Gabe Ets, Jeff Hoenig, Smith, Wesley Johnson, Aaron Lavender Aaron Lavender, Dallas Uber, Aaron Lavender, Nathaniel Hudson, Hartman, he's Organizations: Service, Drivers, Demand, Tesla Motors Locations: Oakland , California, South Carolina, Silicon, Mountain View , California, San Francisco, Dallas, Colorado, Portland, New York City, Seattle, California

☆ Meet the typical gig driver: A millennial earning up to $40 per hour who doesn't have another job and depends on your tips
▼ + stars: | 2023-10-17 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +8 min

Gig drivers are likely to be dependent on the job for their main income, and need your tips. Omar FordIf the economy takes a turn for the worse and unemployment rises, the number of gig drivers could increase even further. The typical gig driver earns between $20 and $40 an hourSergio Avedian. The typical Uber driver earns $35 per active — or utilized — hour, the company said in February. In September, four ride-hailing drivers told Insider that they earn between $22 to $40 an hour after expenses.

Persons: —, DoorDash, Lyft, Omar Ford, Uber, he'd, Robert Alexander, Gen Zers —, Sergio Avedian, Guy, doesn't, New York City, they've, Nathaniel Hudson, Hartman Nathaniel Hudson, Hartman, Jeff Hoenig, Avedian Organizations: Service, Morning, Pew, New York Daily News, Tribune, Getty, Bank of America, The New York Times Locations: Los Angeles, New York, New York City Ribeiro, New, South Carolina, Portland

☆ 4 Uber and Lyft drivers calculated how much they made after expenses. It ranged from $22 to $40 an hour, and an EV, tips, and tax incentives can make a big difference.
▼ + stars: | 2023-09-09 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +9 min

That's not the case for many gig workers, such as Uber and Lyft drivers. But the companies' figures don't account for drivers' vehicle expenses, which take a cut out of their profits. Last year, he earned roughly $12,000 in combined income driving for Uber and Lyft before vehicle expenses, according to both apps' dashboards. Including his Lyft income, he calculated that he earned roughly $27 an hour in 2022 before vehicle expenses. Last year, he earned about $34,000 driving for Uber and Lyft before vehicle expenses, according to his app information.

Persons: That's, Sergio Avedian, Uber, Guy, Lyft, EVs —, Nathaniel Hudson, Hartman, he'd, Bolt, Jeff Hoenig, Gabe Ets, he's, Hokin Organizations: EV, Service, Hudson, Ets Locations: Wall, Silicon, Los Angeles, The Portland , Oregon, Hudson, Myrtle Beach , South Carolina, Oakland , California, San Diego

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