The creator economy is still growing rapidly but that growth isn’t always a benefit to creators.
It’s already difficult to maintain a living as a full-time creator — even more so in recent years as new creators continue to flood the market. An estimated 3% of the U.S. population in 2022 was considered an influencer, up from about 2% in 2020, per influencer marketing platform Influencity — with places like New York (6.45% of its population considered an influencer) and California (5.42% of its population considered an influencer) leading in influencer density in the state.
Meanwhile, influencer agency Neoreach found that only around 15% of 2,000 creators surveyed in 2023 made more than $100,000 per year, and about 69% made less than $50,000 annually. Some 48% made less than $15,000 per year, per the company’s data. Given the competitive landscape as well as an uncertain economic market and the stability of platforms like TikTok, some creators are considering re-joining the traditional workforce for more stability.
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