This essay outlines the experiences of Bill Lewis, a 58-year-old driver for Uber and Lyft, who has completed about 43,000 trips. Previously, he worked on Wall Street and owned a Nestlé Toll House franchise, which he regrets investing his retirement savings into. Lewis now drives full-time for the freedom it affords him, making around $75,000 annually. He discusses the challenges of gig work, especially frustrations with Uber’s lack of transparency in ride offers, and has started using Lyft more frequently for its user-friendly interface. Despite the challenges, he is adapting his approach to become more selective and improve his earnings.
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After Losing $180K in Retirement Savings, He Now Drives for Uber and Lyft at 58