Self-employed people are happier, according to a new study

Self-employed people earn more money, work less, and are happier, according to new research published this week.

The survey of 5,000 self-employed workers found that they are generally better off than their nine-to-five counterparts, collecting £33,000 per year, or £5,000 more than the average UK salary, all while working 10 hours less per week.

Self-employed workers over the age of 65 saw the most success, earning, on average, £40,000 per year while working just 21 hours a week.

Around two-thirds of respondents said they were financially better off after going it alone, while 65 per cent believe they were more satisfied with their lives.

More than three-quarters (77 per cent) of respondents believe that being in control of their own work hours was the greatest benefit to the self-employed life, followed by greater flexibility, being your own boss, and not having to worry about workplace politics.

When asked why they chose to work for themselves, a quarter had become self-employed after losing a job, and seven per cent after having their hours or pay reduced.

The latest statistics show 4.7 million people are now in self-employment, up from 3.3 million in 2001.

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