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As high-paying jobs become harder to get, more Americans are looking to Uber and Lyft for extra income

  • More Americans are turning to gig work, specifically ride-hailing for companies like Uber and Lyft, for additional income.
  • The share of Bank of America customers receiving income from ride-hailing nearly tripled, exceeding pre-pandemic levels.
  • Job growth is slowing and it's becoming more difficult to find higher-wage employment.
  • Ride-hailing is getting more popular due to shifting spending patterns, higher average earnings, and reduced demand for public transportation.

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