A group of typically 20-50 self-employed people create a fund, make monthly payments into it, and then the fund provides basic monthly income for those too ill or injured to work.
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The gig economy is thriving. But have you ever heard of a Bread Fund? In the Netherlands, they're gaining popularity with the self-employed as a pioneering model of self-organizing, peer-to-peer (P2P) insurance. They work like this...pic.twitter.com/rfP5xSo1NY
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We estimate that an American equivalent of De Broodfond Makers, the supervising firm in the Netherlands, could generate ~$77m per year in admin fees alone. More here:http://trends.co
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I recall the folks over at
@safetywing had the grand vision of becoming a digital country that would provide a social safety net similar to this!Thanks. Twitter will use this to make your timeline better. UndoUndo
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