Do Substack economics work for most writers? No.
I’m very pro Substack, but no, they don’t work for most writers.
The only robust study on this is Anna Codrea-Rado’s Substack Income Transparency Project. Out of 174 participants, I counted 17 with income over $20,000 (which is what I would consider the poverty line).
Of those, 6 made over $50,000 and 3 made over $100,000.
T…
