{"id":362225,"date":"2021-11-04T04:43:11","date_gmt":"2021-11-04T01:43:11","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/survey-finds-lower-paid-workers-are-quitting-jobs-thanks-to-crypto-profits\/"},"modified":"2021-11-04T04:43:11","modified_gmt":"2021-11-04T01:43:11","slug":"survey-finds-lower-paid-workers-are-quitting-jobs-thanks-to-crypto-profits","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/survey-finds-lower-paid-workers-are-quitting-jobs-thanks-to-crypto-profits\/","title":{"rendered":"# Survey finds lower paid workers are quitting jobs thanks to crypto profits"},"content":{"rendered":"

“# Survey finds lower paid workers are quitting jobs thanks to crypto profits <\/strong>”<\/p>\n

Data suggests that some low-paid members of the workforce are quitting their jobs after making life-changing crypto gains. <\/p>\n

Analytics firm Civic Science<\/a> posted survey results (weighted according to U.S. census data) on Nov. 1, which shows that 4% of 6741 respondents aged 18 and over had quit their jobs in the past year due to \u201cfinancial freedom\u201d earned by investing in crypto assets. <\/p>\n

Civic then cross-referenced the 4% figure with data from 1,201 respondents based on their annual income who had quit their jobs due to crypto gains. <\/p>\n

Almost two thirds of those who had quit their jobs due to ‘mad gainz’ earned under $50,000 per year \u2014 comprised of 27% of those earning less than $25,000, while 37% had a total income of between $25,000 and $50,000. 15% of those tossing in jobs thanks to crypto had an income between $50,000 and $75,000, 13% between $75,000 and $150,000 and 8% with $150,000 or more. <\/p>\n

Civics\u2019 findings may need a pinch of salt given that they cross-referenced the data from different periods of time and a varied number of respondents. It is also unclear what constitutes \u201cfinancial freedom\u201d in this context, as Civic provides no explanation or data for what level of crypto gains the respondents made.<\/p>\n

\u201cThis data implies that crypto investments may have provided life-changing levels of income for some, while the wealthier owners of crypto use it more as another form of asset diversification rather than source of income,\u201d Civic Science wrote. <\/p>\n

Financial freedom earned by crypto investing: Civic Science<\/em><\/figcaption><\/figure>\n

Billionaire investor and crypto proponent Mark Cuban tweeted a link to the survey saying that:<\/p>\n

\u201cWow 4% of people in the USA have quit their jobs because of crypto gains, and the vast majority made under 50k. Now we know why so many people quit low-paying jobs.\u201d<\/p><\/blockquote>\n

\n

correction, I should have said, 4pct of the Labor Force, or app<\/a>roximately 6m people<\/p>\n

\u2014 Mark Cuban (@mcuban) November 3, 2021<\/a><\/p><\/blockquote>\n