One Job Not Enough: Surveys Show Record Number of Americans Hold Side Hustles

Contact Your Elected Officials

Economic pressure is reshaping the traditional ‘9-to-5’ work routine, a report says.

Amy Marseglia, Nancy Turgeon, and Anne Savino have a lot in common: all three are full-time real estate professionals who also hold part-time gigs they’ve maintained for some time—and they’re part of a growing number of Americans reshaping the traditional “9-to-5” work routine.

According to a recent survey by background-checking company Checkr, 42 percent of surveyed said they held multiple jobs or had a side hustle, with 52 percent of Generation Z—those between the ages of 13 and 28—doing so.

The primary reason: a single job doesn’t meet their financial needs. Nearly 76 percent of respondents said that, due to inflated costs, their salary has less buying power than previous generations’, the survey shows.

“Economic uncertainty and the rising cost of living are reshaping how Americans think about work and how many jobs they need to make ends meet,” the release says.

The June 6 nonfarm payroll report by the U.S. Bureau of Labor Statistics also reveals that, as of May, 8.581 million Americans were holding multiple jobs—the highest number in May over the past 10 years.

Of that portion, 4.678 million worked a full-time job and a part-time secondary job, while others held two full-time positions or multiple part-time employment scenarios.

A ‘Red Flag’ Moment

Taylor Kovar, founder and CEO of Kovar Wealth Management and CEO of The Money Couple, told The Epoch Times there’s been a major uptick in people taking on side jobs over the past decade.

“Some people are juggling a full-time and part-time job to stay afloat, while others may pick up a second job temporarily to put toward a vacation, major purchase, or to lower credit card debt,” he said.

“I think technology is making it easier now with a lot of online freelance work or services like Etsy, Uber, or DoorDash.”

Kovar calls this a “red flag” moment for the economy. As a financial planner, his goal is to help individuals and couples reduce financial pressure through better budgeting, debt reduction, and creative ways to increase income.

“This trend also tells me that a lot of families are running leaner than they’d like, with little margin for any surprise expenses,” he said.

By Mary Prenon

Read Full Article on TheEpochTimes.com

The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

Chambers of Horror

Using a shutdown to legislate is like using a flame thrower to light a candle, it provides light momentarily but destroys everything in its path.

Government Shutdown, Health Care, Tax Breaks=Perfect Storm

The shutdown over cuts to health subsidies for the poor stems from Trump’s OBBB plan, which critics say funneled trillions to the wealthy.

3I/Atlas Comet or UFO Arrives Tomorrow!

The 3I/Atlas object is hurtling toward our solar system on a strange path and composition, set to pass behind the sun, obscuring visual and radio tracking.

‘I’d Be Finished’: Vaccine Researcher Trashes Own Study to Save Career

Most doctors comply with the system, following orders to keep their jobs, income, and prestige, even if it means setting aside independent judgment.

Kamala, Please Run Again

Kamala Harris hinted she wants to run for President in 2028, despite poor poll numbers and her loss in 2024. If she runs, the big winners will be the GOP.

San Jose Proclaims ‘Republic of China Day,’ Honors Taiwanese Community’s Contributions

San Jose declared Oct. 25 “Republic of China Day,” honoring the Taiwanese American community’s cultural and economic contributions to the city.

US Tightens Ban on Chinese Tech Gears

The United States has extended its ban on Chinese electronics to cover products partly made by companies blacklisted on national security grounds.

FDA Says It’s Eliminating Requirements for Generic Versions of Expensive Drugs

The Food and Drug Administration in draft guidance said it will reduce instances where large human trials are required for biosimilars.

Government Shutdown Could Cost US Economy $14 Billion: CBO

The government shutdown could cost the U.S. economy up to $14 billion, a new analysis by the CBO said on Oct. 29.

Trump, Japanese PM Sign Critical Minerals, Rare Earths Deal

The U.S. president visited Tokyo on the second leg...

Trump Hikes Canada’s Tariffs by 10 Percent for Not Pulling Anti-Tariff Ad Immediately

Trump announced he will increase tariffs on Canada by 10% after ad by provincial government of Ontario misrepresented President Reagan’s speech on tariffs.

Trump Rolls Back Emissions Rules on Copper Smelters

President Trump issued a proclamation aimed at reversing a Biden-era environmental rule that enforced stricter air emission standards on copper smelters.

Donor Gives $130 Million to Cover Shortfall in Troop Pay During Shutdown

Trump announced on Oct. 23 that an anonymous donor sent $130M to cover military pay during the ongoing government shutdown.
spot_img

Related Articles

Popular Categories

MAGA Business Central