![](\"https:\/\/s3.cointelegraph.com\/uploads\/2021-11\/e595232e-39f5-4d4a-b0a8-f6170b489fe7.png\")
<\/p>\nData suggests that some low-paid members of the workforce are quitting their jobs after making life-changing crypto gains. <\/p>\n
Analytics firm Civic Science posted survey results (weighted according to U.S. census data) on Nov. 1, which shows that 4% of 6741 respondents aged 18 and over had quit their jobs in the past year due to \u201cfinancial freedom\u201d earned by investing in crypto assets. <\/p>\n
Civic then cross-referenced the 4% figure with data from 1,201 respondents based on their annual income who had quit their jobs due to crypto gains. <\/p>\n
Almost two thirds of those who had quit their jobs due to ‘mad gainz’ earned under $50,000 per year \u2014 comprised of 27% of those earning less than $25,000, while 37% had a total income of between $25,000 and $50,000. 15% of those tossing in jobs thanks to crypto had an income between $50,000 and $75,000, 13% between $75,000 and $150,000 and 8% with $150,000 or more. <\/p>\n
Civics\u2019 findings may need a pinch of salt given that they cross-referenced the data from different periods of time and a varied number of respondents. It is also unclear what constitutes \u201cfinancial freedom\u201d in this context,as Civic provides no explanation or data for what level of crypto gainsthe respondents made.<\/p>\n
\u201cThis data implies that crypto investments may have provided life-changing levels of income for some, while the wealthier owners of crypto use it more as another form of asset diversification rather than source of income,\u201d Civic Science wrote. <\/p>\n
<\/p>\n
Billionaire investor and crypto proponent Mark Cuban tweeted a link to the survey saying that:<\/p>\n
\u201cWow 4% of people in the USA have quit their jobs because of crypto gains, and the vast majority made under 50k. Now we know why so many people quit low-paying jobs.\u201d<\/p><\/blockquote>\n
Cuban was apparently referencing \u201cThe Great Resignation\u201d phenomenon which refers to a significant labor shortage in the U.S. due to a cultural shift of people quitting their jobs in response to the global pandemic, poor wages and unfavorable working conditions. <\/p>\n