Side Hustles Become Necessity for Many as Debt Rises and Incomes Fail to Cover Costs

30% of workers rely on side hustles to make ends meet as incomes fail to cover basic costs
Gen Z takes on the most side hustles (32% have them) to supplement lower-paying main jobs
High-income earners also use side hustles to fund savings and other financial goals
Household debt rose in Q4 2022 to $17.5 trillion, led by increases in mortgage, credit card, and auto loan balances
Delinquency rates are rising across debt types, signaling increased financial stress especially for younger and lower-income households