Citizens Advice Bureau Articles

Only 1 in 7 under 35s is achieving their self-employment goals

New research from the Citizens Advice Bureau (CAB) has found that less than half of people who say they’d like to be self-employed are actually working for themselves.

A lack of support and guidance for tasks like budgeting and filing tax returns was highlighted as one of the major barriers stopping would-be self-employed workers.

The national charity also found that the gap between self-employment aspiration and achievement grows larger for adults under the age of 35.

Almost half (48%) of people aged 18-34 said that they would like to be self-employed but only 7% of people in this age bracket work for themselves.