Musicians' Union Report: UK Musicians Struggle Financially
A recent survey by the Musicians' Union, in collaboration with the UK's Creative Industries Federation, has shed light on the financial realities of musicians in the UK. The 2018 report reveals stark disparities in earnings and job security.
The survey found that nearly half (43%) of musicians earn less than £14,000 annually from their music, with only 18% earning above £34,000. The average annual income stands at £20,700, a significant £12,000 less than the average UK salary.
To make ends meet, over half (53%) of musicians need to supplement their income with other work. This financial struggle is reflected in the fact that 17% of musicians are in debt and 23% cannot support themselves or their families solely on their music earnings. Despite these challenges, 81% of musicians express their commitment to staying in the music industry in the next five years.
The report also highlights inequalities within the industry. LGBTQ+ and disabled musicians face pay gaps compared to their heterosexual and non-disabled counterparts. Additionally, a gender pay gap exists in the top earning bracket, with 79% of high earners being men and only 19% being women.
The survey paints a clear picture of the financial hardships faced by musicians in the UK. While many remain dedicated to their craft, the need for additional income and the existence of pay gaps underscore the urgent need for industry-wide changes to support and sustain musicians' careers.
