Uber rider
Michael is studying for a bachelor's degree while driving for Uber.
  • Michael, a rideshare driver, only pocketed about $14,000 last year despite gross earnings above $100,000.
  • He's pursuing a bachelor's degree to eventually stop gig driving and get a more stable income.
  • He values the flexibility of gig driving so he can go to medical appointments and care for his kids.

Michael, a rideshare driver in his late 30s, made over $110,000 in gross earnings driving for Uber and Lyft last year. But after commissions paid to the ride-hailing companies, taxes, and other expenses, he ended up with net earnings of just $14,000.