Study: Ride-Sharing Drivers Barely Making $$$

A new UCLA study says driving for Uber, Lyft and other ride-sharing services may not be the best way to make additional income.  According to a report titled "More Than a Gig: A Survey of Ride-Hailing Drivers in Los Angeles," most drivers are working long hours while struggling to keep ahead financially.  

The project director for the study tells the "San Gabriel Valley Tribune" that "over a third of drivers buy or lease their car so they can drive for one of these companies and this locks them into a variety of costs."  

The report also found 44-percent of the drivers surveyed reported difficulties paying for basic work expenses -- including gas, insurance and vehicle maintenance fees.  Other drivers say by the time they're through paying those expenses, they are not even earning minimum wage.

Photo: Getty Images

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