Posted 4/6/2024, 2:10:00 PM
Over Half of Americans Now Juggling Side Hustles to Get By as Inflation Outpaces Wages
- 54% of Americans have taken on a side hustle in the past year just to supplement their income and make ends meet
- High inflation and stagnant wage growth have made it harder for people to build wealth and cover living expenses
- 66% of Americans report living paycheck to paycheck, with 57% adding side gigs to cushion their income
- Younger generations like Gen Z (71%) and millennials (68%) are more likely to have 2 jobs compared to Gen X (48%) and baby boomers (32%)
- Even with side hustles, 44% of people still report feeling financially insecure due to high costs of living and inadequate incomes