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Facing economic anxiety, 64% of workers say they plan to get a second job or start a side hustle
- 64% of U.S. workers plan to get a second job or start a side hustle in the coming year, citing economic reasons.
- If laid off, a significant percentage of workers have less than a month of savings as a financial buffer.
- Side hustles are seen as a way to build savings, pay off debt, find new job opportunities, or make ends meet.
- 19% of workers have savings enough to cover less than a month of expenses, while a third have savings for one to five months.
- Plans for second jobs or side hustles vary across demographics; parents, millennials, and Gen Z show higher interest.
- Social media users, especially daily users, are more likely to pursue additional income sources.
- Many workers struggle to meet basic living expenses, leading some to take on debt.
- Most workers feel their wages have not kept up with the increasing cost of living.
- Gen Z workers are engaging in side hustles to develop skills and improve financial security.
- Side hustles are perceived as providing financial stability and readiness for the future.
- Numerous workers are actively seeking higher-paying jobs, second jobs, and part-time work to address economic challenges.
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